TORONTO, June 17 /CNW/ - Jovian Capital Corporation ("Jovian") (TSX: JOV)
and its related company BetaPro Management Inc. ("BetaPro") are pleased to
announce that the Horizons BetaPro family of funds have reached $1.5 billion
in assets under management. In addition, the Horizons BetaPro exchange-traded
funds ("ETFs") were the most highly traded ETFs on the Toronto Stock Exchange
last month, for the third consecutive month, accounting for over 150 million
shares traded or nearly 57% of all ETFs trading by volume on the TSX for the
month of May. ETFs are enjoying increasing popularity globally and are
expected to show exponential growth over the next five years.
"These are important milestones in the growth of BetaPro. ETFs are now in
significant use by both institutional and private investors, and in a very
short time BetaPro has become a significant provider of ETFs products in
Canada," said Philip Armstrong, C.E.O. of Jovian. "The achievement of these
milestones more than supports our decision to increase Jovian's stake in
BetaPro to 60%, subject to necessary approvals being obtained," he added.
About BetaPro Management Inc. (www.hbpetfs.com)
BetaPro is an innovative Toronto-based financial services company that
provides investment tools to investors which are designed to allow them to
profit when the market is rising or falling, or to reduce their risk by
hedging their existing market exposure. BetaPro currently manages
approximately $1.5 billion amongst 18 ETFs and 15 mutual funds.
About Jovian Capital Corporation (www.joviancapital.com)
Jovian is a publicly-traded company listed on the TSX (JOV). Jovian is a
management and holding company with interests in a variety of financial
service firms specializing in wealth(*) and asset(xx) management. The Jovian
group of companies operates as a national financial services organization with
approximately $15.0 billion of client assets ($5.8 billion in assets under
management and $9.2 billion in assets under administration).
(*) Wealth management entities include MGI Securities Inc., MGI Securities
(USA) Inc. and Rice Financial Group Inc. (xx) Asset management entities
include BetaPro Management Inc., Horizons Funds Inc., JovFunds Management
Inc., JovFunds Inc., JovInvestment Management Inc., Leon Frazer & Associates
Inc. and T.E. Wealth. Financial corporate service entities include Felcom Data
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
Additional information relating to Jovian is available at www.sedar.com
For further information:
For further information: Don Sangster, Investor Relations, Jovian
Capital Corporation, (416) 933-5744; or Howard Atkinson, President, BetaPro
Management Inc., (416) 777-5167