TORONTO, July 28 /CNW/ - Jovian Capital Corporation ("Jovian") (TSX:
JOV), its related company BetaPro Management Inc. ("BetaPro Management") and
the New York Mercantile Exchange, Inc. ("NYMEX"), are pleased to announce that
the Horizons BetaPro Exchange Traded Funds ("ETFs") based on NYMEX(R) Natural
Gas, Crude Oil and COMEX(R) Gold prices have reached over $500 million in
assets under management and have traded a total of 240 million shares on the
Toronto Stock Exchange ("TSX") since inception six months ago. The Horizons
BetaPro NYMEX(R) Crude Oil Bear Plus ETF (TSX: HOD) is one of BetaPro's most
successful products with daily average volume of close to 4 million shares
traded last month and an asset growth rate of over 1000% since inception.
"The marketplace has shown a strong demand for our NYMEX and COMEX
branded ETFs," said Howard Atkinson, President of BetaPro. "Our partnership
with NYMEX has enabled easy investor access to the world's largest physical
commodities exchange and the premier futures and options exchange in the
natural resources space."
The success of the NYMEX(R) Natural Gas, Crude Oil and COMEX(R) Gold ETFs
is mirrored in BetaPro's overall growth and success. Since launch in January
2007, assets under management by BetaPro Management have been on a steady
upward growth trajectory. In less than 18 months, the Horizons BetaPro family
of funds reached $1.75 billion in assets under management, a growth of over
1000%. In addition, the Horizons BetaPro ETFs were the most highly traded ETFs
on the Toronto Stock Exchange last month, for the fourth consecutive month.
ETFs are enjoying sustained popularity globally and are expected to show rapid
growth over the next five years.
The Horizons BetaPro ETFs carrying the NYMEX(R) and COMEX(R) brands are
the first of their kind in the world and BetaPro has an exclusive license
agreement with NYMEX.
NYMEX Chairman Richard Schaeffer said, "NYMEX is pleased with the success
these products have shown in such a short time. We believed there was a strong
need for innovative energy and metals risk management tools in Canada, and we
are proud to work with BetaPro to meet that need."
All six of these ETFs trade on the TSX and are denominated in Canadian
dollars. Any U.S. dollar gains or losses as a result of each of these ETFs'
investments will be, whenever possible, hedged back to the Canadian dollar.
For further information visit www.HBPETFs.com.
NYMEX commodity-based Horizons BetaPro ETFs: Symbol:
Horizons BetaPro NYMEX(R) Natural Gas Bull Plus ETF HNU
Horizons BetaPro NYMEX(R) Natural Gas Bear Plus ETF HND
Horizons BetaPro NYMEX(R) Crude Oil Bull Plus ETF HOU
Horizons BetaPro NYMEX(R) Crude Oil Bear Plus ETF HOD
Horizons BetaPro COMEX(R) Gold Bullion Bull Plus ETF HBU
Horizons BetaPro COMEX(R) Gold Bullion Bear Plus ETF HBD
Other Horizons BetaPro ETFs: Symbol:
Horizons BetaPro S&P/TSX 60(R) Bull Plus ETF HXU
Horizons BetaPro S&P/TSX 60(R) Bear Plus ETF HXD
Horizons BetaPro S&P/TSX Capped Financials(R) Bull Plus ETF HFU
Horizons BetaPro S&P/TSX Capped Financials(R) Bear Plus ETF HFD
Horizons BetaPro S&P/TSX Capped Energy(R) Bull Plus ETF HEU
Horizons BetaPro S&P/TSX Capped Energy(R) Bear Plus ETF HED
Horizons BetaPro S&P/TSX Global Gold(R) Bull Plus ETF HGU
Horizons BetaPro S&P/TSX Global Gold(R) Bear Plus ETF HGD
Horizons BetaPro S&P/TSX Global Mining(R) Bull Plus ETF HMU
Horizons BetaPro S&P/TSX Global Mining(R) Bear Plus ETF HMD
Horizons BetaPro DJ-AIGSM Agricultural Grains Bull Plus ETF HAU
Horizons BetaPro DJ-AIGSM Agricultural Grains Bear Plus ETF HAD
Horizons BetaPro S&P 500(R) Bull Plus ETF HSU
Horizons BetaPro S&P 500(R) Bear Plus ETF HSD
Horizons BetaPro NASDAQ-100(R) Bull Plus ETF HQU
Horizons BetaPro NASDAQ-100(R) Bear Plus ETF HQD
Horizons BetaPro U.S. Dollar Bull Plus ETF HDU
Horizons BetaPro U.S. Dollar Bear Plus ETF HDD
Horizons BetaPro U.S. 30-year Bond Bull Plus ETF HTU
Horizons BetaPro U.S. 30-year Bond Bear Plus ETF HTD
Horizons BetaPro MSCI Emerging Markets Bull Plus ETF HJU
Horizons BetaPro MSCI Emerging Markets Bear Plus ETF HJD
"NYMEX(R) is a registered service mark of New York Mercantile Exchange,
Inc. and COMEX(R) is a registered service mark of Commodity Exchange Inc., and
have been licensed by them for use to BetaPro Management. The Funds are not
sponsored, endorsed, sold or promoted by New York Mercantile Exchange, Inc. or
Commodity Exchange, Inc., and New York Mercantile Exchange, Inc. and Commodity
Exchange, Inc. make no representation regarding the advisability of investing
in the Funds."
About New York Mercantile Exchange
NYMEX Holdings, Inc. (NYSE: NMX) is the parent company of the New York
Mercantile Exchange, Inc., the world's largest physical commodities futures
and options exchange, offering futures and options trading in energy and
metals contracts and clearing services for more than 400 off-exchange energy
contracts. Through a hybrid model of open outcry floor trading and electronic
trading on CME Globex(R) and NYMEX ClearPort(R), NYMEX offers crude oil,
petroleum products, natural gas, coal, electricity, gold, silver, copper,
aluminum, platinum group metals, emissions and soft commodities contracts for
trading and clearing virtually 24 hours each day. Further information about
NYMEX Holdings, Inc. and the New York Mercantile Exchange, Inc. is available
on the NYMEX website at http://www.nymex.com.
About BetaPro Management Inc. (www.HBPETFs.com)
Horizons BetaPro Exchange Traded Funds are managed by BetaPro Management
Inc., Canada's sole provider of investment tools allowing investors to profit
when the market is rising or falling, or to reduce their risk by hedging their
existing market exposure. BetaPro Management currently manages the largest
number of Canadian ETFs, with approximately $1.8 billion amongst 28 ETFs.
About Jovian Capital Corporation (www.joviancapital.com)
Jovian acquires, creates and grows financial services companies
specializing in wealth and asset management. The Jovian group of companies
(MGI Securities Inc., MGI Securities (USA) Inc., Rice Financial Group Inc.,
BetaPro Management Inc., Horizons Funds Inc., JovFunds Management Inc.,
JovFunds Inc., JovInvestment Management Inc., Leon Frazer & Associates Inc.,
T.E. Wealth and Felcom Data Services Inc.) manages $15.0 billion of client
assets ($5.8 billion in assets under management and $9.2 billion in assets
under administration). Additional information is available at
www.joviancapital.com and www.sedar.com
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
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