TORONTO, June 18 /CNW/ - Jovian Capital Corporation (TSX-V: JVN) ("Jovian") and its related company BetaPro Management Inc. are pleased to announce the launch of the Horizons BetaPro Energy ETFs. The Horizons BetaPro Energy ETFs are the first exchange traded funds (ETFs) in Canada to offer inverse and magnified exposure to the S&P/TSX Capped Energy Index(R).
The Horizons BetaPro S&P/TSX Capped Energy Bull Plus ETF ("HBP Energy Bull + ETF") (symbol: HEU) is designed to provide daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that correspond to two times (200%) the daily performance of the S&P/TSX Capped Energy Index(R), while the Horizons BetaPro Capped Energy Bear Plus ETF ("HBP Energy Bear + ETF") (symbol: HED) is designed to provide daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that correspond to two times (200%) the inverse of the daily performance of the S&P/TSX Capped Energy Index(R). Both HEU and HED will be listed on the TSX as of June 19.
"The Canadian energy sector, the second largest by market capitalization, is an important component of our domestic equity market. Offering tools to help investors efficiently manage their energy exposure is a significant addition to our growing suite of ETFs," said Howard Atkinson, President of the Horizons BetaPro ETFs, a division of BetaPro Management Inc.
Current Horizons BetaPro ETFs Line Up: Symbol: Horizons BetaPro S&P/TSX 60 Bull Plus ETF HXU Horizons BetaPro S&P/TSX 60 Bear Plus ETF HXD Horizons BetaPro S&P/TSX Capped Financials Bull Plus ETF HFU Horizons BetaPro S&P/TSX Capped Financials Bear Plus ETF HFD Horizons BetaPro S&P/TSX Capped Energy Bull Plus ETF HEU Horizons BetaPro S&P/TSX Capped Energy Bear Plus ETF HED
National Conference Call Details:
With Howard Atkinson
Replay Numbers:
Local Dial-In: 416.915.1028
North American
Toll-Free: 1.866.244.4494
Access Code: 710912
For further information visit www.HBPETFs.com.
The information above is a summary only of certain aspects of these investment funds. Please read the Prospectus before investing. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
About BetaPro Management Inc.
Horizons BetaPro ETFs are managed by BetaPro Management Inc., 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 Management Inc. currently manages over $400 million amongst 6 ETFs and 14 mutual funds.
About Jovian Capital Corporation
Jovian is a publicly-traded company listed on the TSX Venture Exchange (JVN). 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 $14.0 billion of client assets ($4.9 billion in assets under management and $9.1 billion in assets under administration).
(x) Wealth management entities include Convoy Capital Corporation,
JovFunds Inc., MGI Securities Inc., MGI Securities (USA) Inc. and
Rice Financial Group Inc.
(xx) Asset management entities include Accumulus Management Ltd., BetaPro
Management Inc., Charterhouse PSI Management Corporation, DOCP
Management Corp., Horizons Funds Inc., JovInvestment Management
Inc., JovFunds Management Inc., Jovian Asset Management Inc., Leon
Frazer & Associates Inc., Pescara Partners Inc., Taliesin Capital
Inc., T.E. Wealth. Financial corporate service entities include
Felcom Data Services Inc. and Services Felcom Data (Quebec)
Inc./Felcom Data Services (Quebec) Inc.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
Additional information relating to Jovian is available at www.sedar.com and www.joviancapital.com.