TORONTO, June 25 /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 Global Gold ETFs. The Horizons BetaPro Global Gold ETFs are the first exchange traded funds (ETFs) in Canada to offer inverse and magnified exposure to the S&P/TSX Global Gold Index(R).
The Horizons BetaPro S&P/TSX Global Gold Bull Plus ETF ("HBP Global Gold Bull + ETF") (symbol: HGU) 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 Global Gold Index(R), while the Horizons BetaPro Global Gold Bear Plus ETF ("HBP Global Gold Bear + ETF") (symbol: HGD) 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 Global Gold Index(R). Both HGU and HGD will be listed on the TSX as of June 26.
"Our new HBP Global Gold ETFs complement our existing HBP Gold Bull and Bear Plus Funds, which offer direct exposure to daily price changes in gold bullion. Now investors can easily manage their exposure to both gold equities and gold bullion using our ETFs and Funds, respectively," said Howard Atkinson, President of 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 Horizons BetaPro S&P/TSX Global Gold Bear Plus ETF HGU Horizons BetaPro S&P/TSX Global Gold Bear Plus ETF HGD
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 (including ETF) 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 8 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 ($5.0 billion in assets under management and $9.0 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.