TORONTO, June 11 /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 Financials ETFs. The Horizons BetaPro Financials ETFs are the first exchange traded funds (ETFs) in Canada to offer inverse and magnified exposure to the S&P/TSX Capped Financials Index(R).
The Horizons BetaPro S&P/TSX Capped Financials Bull Plus ETF ("HBP Financials Bull + ETF") (symbol: HFU) is designed to provide daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the daily performance of the S&P/TSX Capped Financials Index(R), while the Horizons BetaPro Capped Financials Bear Plus ETF ("HBP Financials Bear + ETF") (symbol: HFD) is designed to provide daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the inverse (opposite) of the daily performance of the S&P/TSX Capped Financials Index(R). Both HFU and HFD will be listed on the TSX as of June 12.
"Expanding our line-up to include the Canadian financial sector is an important step in offering investors even more tools to help manage their investment portfolios," said Howard Atkinson, President of the Horizons BetaPro ETFs division.
National Conference Call Details:
With Howard Atkinson
Date: June 12, 2007
Time: 1:00 pm Eastern Time
Local/International: 416.642.5212
North American Toll-Free: 1.866.321.6651
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
About BetaPro Management Inc.
Horizons BetaPro ETFs are managed by BetaPro Management Inc., an innovative Toronto-based financial services company which 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.
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.