World's first leveraged and inverse ETFs with exposure to Crude Oil and
Natural Gas
TORONTO, Jan. 16 /CNW/ - Jovian Capital Corporation ("Jovian") (JOV: TSX) and its related company BetaPro Management Inc. ("BetaPro") are pleased to announce the launch of four new Horizons BetaPro Exchange-Traded Funds ("HBP ETFs") covering commodities natural gas and crude oil. Similar to the existing HBP ETFs, the Bull Plus ETFs offer twice the daily performance and the Bear Plus ETFs twice the inverse daily performance of the underlying benchmark. All four new HBP ETFs will trade in Canadian dollars and, through currency hedging, will offer investors exposure to commodity returns expressed in US dollars.
BetaPro management will be ringing the opening bell at TSX market open today at 9:30 a.m.
The following HBP Commodity ETFs begin trading today: 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
"Our new HBP commodity ETFs are the first of their kind in the world and we believe they will be quickly adopted as strategic portfolio tools given the importance of natural gas and crude oil to investors worldwide," said Howard J. Atkinson, President of BetaPro. "We are extremely pleased to deliver these innovative products to market together with our partners, the Toronto Stock Exchange and New York Mercantile Exchange, both natural resource leaders in their own right."
"ETFs are an important market segment to the TSX and allow an investor to buy an entire basket of stocks or bonds or other assets through a single security that tracks and matches the returns of an index," stated Rik Parkhill, President, TSX Markets and Interim Co-CEO, TSX Group. "Along with the ETF providers and intermediaries, the TSX supports innovation and growth of the ETF market through new product development - we are open to list new innovative products. The TSX recognizes the differences in ETF listings through dedicated listing criteria and fee structures. We have a dedicated service group focused on development of ETFs on the TSX."
James E. Newsome, President and CEO of NYMEX, said, "NYMEX is proud to partner with BetaPro and the TSX to introduce these innovative new products. As the global leader in crude oil, natural gas and gold, NYMEX understands the value and opportunities for diversified risk management in the growing Canadian energy and metals markets. We are gratified to work with such distinguished partners."
Additional HBP Commodity ETFs scheduled to begin trading later this month: Symbol - Horizons BetaPro COMEX(R) Gold Bullion Bull Plus ETF HBU - Horizons BetaPro COMEX(R) Gold Bullion Bear Plus ETF HBD - 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-AIG(SM) Agricultural Grains Bull Plus ETF HAU - Horizons BetaPro DJ-AIG(SM) Agricultural Grains Bear Plus ETF HAD
The information above is only a summary of certain aspects of these investment funds. All Horizons BetaPro ETFs use leveraged investment techniques that magnify gains and losses and result in greater volatility in value. All Horizons BetaPro ETFs are subject to active investor risk. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments (including ETFs). Mutual funds (including ETFs) are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus before investing.
For further information visit www.HBPETFs.com
Notes:
A media briefing is scheduled for 10:00 a.m. in the TSX Broadcast Centre,
Studio Room. The Exchange Tower is located at 130 King Street West on the
northeast corner of King St. and York St. in Toronto.
A photo of the bell ringing ceremony will be released across the wire at
approximately 9:45 a.m.
Mr. Atkinson, Mr. Parkhill and Mr. Newsome will be available for short
one-on-one interviews immediately following the media briefing.
Media Contacts: Caroline Spivak Joanne Kearney Fleishman Hillard Canada Fleishman Hillard Canada 416-645-8185 416-645-8180 caroline.spivak@fleishman.ca joanne.kearney@fleishman.ca
About BetaPro Management Inc.
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 over $600 million amongst 12 ETFs and 15 mutual funds.
About New York Mercantile Exchange (NYMEX)
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 320 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/.
NYMEX Disclaimer
NYMEX and COMEX are registered trademarks of New York Mercantile Exchange, Inc. and Commodity Exchange, Inc and have been licensed by BetaPro Management Inc. for use by Horizons BetaPro ETFs. Horizons BetaPro NYMEX ETFs and Horizons BetaPro COMEX ETFs 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. makes no representation regarding the advisability of investing in the aforementioned ETFs.
About Jovian Capital Corporation
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(x) and asset(xx) management. The Jovian group of companies operates as a national financial services organization with approximately $14.4 billion of client assets ($5.4 billion in assets under management and $9.0 billion in assets under administration).
(x) 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 Services
Inc.
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
