TORONTO, July 9 /CNW/ - Jovian Capital Corporation (TSX: JOV) ("Jovian") and its related company BetaPro Management Inc. ("BetaPro") are pleased to announce the launch of two new Horizons BetaPro Exchange Traded Funds ("Horizons BetaPro ETFs") based on the MSCI Emerging Markets Index. These Horizons BetaPro ETFs are the first exchange traded funds ("ETFs") in Canada to offer inverse and magnified exposure to emerging markets.
The Horizons BetaPro MSCI Emerging Markets Bull Plus ETF (symbol: HJU) is designed to provide daily investment results, before fees and expenses, that correspond to two times (200%) the daily performance of the MSCI Emerging Markets Index.
The Horizons BetaPro MSCI Emerging Markets Bear Plus ETF (symbol: HJD) is designed to provide daily investment results, before fees and expenses, that correspond to two times (200%) the inverse (opposite) daily performance of the MSCI Emerging Markets Index.
"Many investors have increased their portfolio exposure to emerging markets to capture the above-average growth potential they see," said Howard Atkinson, President of BetaPro. "But volatility in these markets remains high and the range of returns across various emerging markets can vary widely. Our new emerging market ETFs can help investors more effectively manage their exposure to this important asset class."
Both ETFs will begin trading on the TSX on July 9, 2008, and will be 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
New HBP ETFs: Symbol: Horizons BetaPro MSCI Emerging Markets Bull Plus ETF HJU Horizons BetaPro MSCI Emerging Markets Bear Plus ETF HJD Current Horizons BetaPro ETFs Line-Up: 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 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 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
MSCI Disclaimer
The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The Prospectus contains a more detailed description of the limited relationship MSCI has with BetaPro Management Inc. and any related funds.
S&P Disclaimer
"Standard & Poor's(R)", "S&P(R)" and "S&P 500(R)" are registered trademarks of The McGraw-Hill Companies, Inc. and "TSX(R)" is a registered trademark of the TSX Inc. These marks have been licensed for use by BetaPro Management Inc. The HBP ETFs are not sponsored, endorsed, sold, or promoted by Standard & Poor's or TSX Group and its affiliated companies and neither party make any representation, warranty or condition regarding the advisability of investing in the HBP ETFs
NASDAQ Disclaimer
Nasdaq(R), OMX(TM), Nasdaq-100(R),and Nasdaq-100 Index(R), are registered trademarks of The NASDAQ OMX Group, Inc.(which with its affiliates is referred to as the "Corporations") and are licensed for use by Horizons BetaPro Management Inc.. The ETFs have not been passed on by the Corporations as to their legality or suitability. The ETFs are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITHRESPECT TO THE ETFs.
NYMEX/COMEX Disclaimer
"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. 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 BetaPro Management Inc. (www.HBPETFs.com)
Horizons BetaPro ETFs 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 currently manages the largest product offering of any Canadian ETF provider 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.
