TORONTO, Sept. 22 /CNW/ - Jovian Capital Corporation (Jovian) (JOV: TSX) and its subsidiary BetaPro Management Inc. (BetaPro), the manager and trustee of the Horizons BetaPro ETFs (each a "HBP ETF"), is pleased to confirm that the temporary order issued by the Ontario Securities Commission on Friday, September 19, 2008, prohibiting the short selling of securities of certain financial institutions does not affect the HBP ETFs, which will all continue to be offered on the Toronto Stock Exchange.
About the Horizons BetaPro ETFs
The HBP ETFs are a family of 28 innovative exchange traded funds established under the laws of Ontario. Each HBP ETF is designed to provide daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to a multiple or the inverse (opposite) multiple of the daily performance of a specified underlying index.
About BetaPro Management Inc. (www.HBPETFs.com)
The HBP ETFs are managed by BetaPro, 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 number of Canadian exchange traded funds, with approximately $1.5 billion in client assets amongst the 28 HBP 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, 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 ($6.0 billion in assets under management and $9.0 billion in assets under administration). Additional information about Jovian is available at www.joviancapital.com and www.sedar.com.