Jovian Capital Corporation (“Jovian”) (JOV:TSX) and its subsidiary BetaPro Management Inc. (“BetaPro”) are pleased to announce the listing of three new Horizons BetaPro Inverse Exchange Traded Funds (“HBP Inverse ETFs”) on the Toronto Stock Exchange. The HBP Inverse ETFs are expected to track the opposite (100%) of the daily performance of their underlying benchmarks, less applicable fees and expenses. The HBP Inverse ETFs do not involve leverage.

“Our HBP Inverse ETFs now total seven and provide a complement to our popular leveraged HBP Bull+ and Bear+ ETFs,” said Howard Atkinson, President of BetaPro. “These ETFs are extremely valuable tools for bearish investors to profit from a market decline or hedge existing portfolio exposure.”

The new HBP Inverse ETFs and their ticker symbols are:

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    Horizons BetaPro S&P 500(R) Inverse ETF
     ("HBP S&P 500(R) Inverse ETF")                                    HIU
    Horizons BetaPro NYMEX(R) Crude Oil Inverse ETF
     ("HBP NYMEX(R) Crude Oil Inverse ETF")                            HIO
    Horizons BetaPro NYMEX(R) Natural Gas Inverse ETF
     ("HBP NYMEX(R) Natural Gas Inverse ETF")                          HIN

Each HBP Inverse ETF seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to one times (100%) the inverse (opposite) of the daily performance of its specified underlying index. The HBP S&P 500(R) Inverse ETF will use the S&P 500(R) as its underlying index. The HBP NYMEX(R) Crude Oil Inverse ETF will use the NYMEX(R) light sweet crude oil futures contract for the next delivery month, and the HBP NYMEX(R) Natural Gas Inverse ETF will use the NYMEX(R) natural gas futures contract for the next delivery month, as their respective underlying indices. The HBP Inverse ETFs are denominated in Canadian dollars. Any U.S. dollar gains or losses as a result of the ETF’s investment will be hedged back to the Canadian dollar to the best of its ability.

The new line-up joins the following existing HBP Inverse ETFs:

    Horizons BetaPro S&P/TSX 60(TM) Inverse ETF
     ("HBP S&P/TSX 60(TM) Inverse ETF")                                HIX
    Horizons BetaPro S&P/TSX Financials(TM) Inverse ETF
     ("HBP Financials Inverse ETF")                                    HIF
    Horizons BetaPro S&P/TSX Energy(TM) Inverse ETF
     ("HBP Energy Inverse ETF")                                        HIE
    Horizons BetaPro S&P/TSX Global Gold(TM) Inverse ETF
     ("HBP Gold Inverse ETF")                                          HIG

For more information visit http://www.hbpetfs.com/.

About BetaPro Management Inc.

Horizons BetaPro Exchange Traded Funds (“HBP ETFs”) are managed by BetaPro Management Inc., 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. Horizons BetaPro ETFs offer three types of structures: Bull+/Bear+ leveraged ETFs, single ETFs, and single inverse ETFs. The HBP Bull+ ETFs and HBP Bear+ ETFs are designed to provide daily investment results, before fees and expenses, that correspond to double the daily performance, or double the inverse daily performance, respectively, of their specified underlying index or benchmark. The HBP Inverse ETFs are designed to provide daily investment results, before fees and expenses, that correspond to one times the inverse of their specified underlying index or benchmark. The HBP Single ETFs are designed to provide investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to the performance of their specified underlying index.

BetaPro is a subsidiary of Jovian Capital Corporation and manages, as of January 31, 2010, approximately $2.3 billion amongst 41 ETFs 

About Jovian Capital Corporation

Jovian acquires, creates and grows financial services companies specializing in wealth and asset management. The Jovian group of companies (AlphaPro Management Inc., BetaPro Management Inc., Horizons Exchange Traded Funds Inc., Horizons Funds Inc., JovFunds Management Inc., JovInvestment Management Inc., Leon Frazer & Associates Inc., MGI Financial Inc., MGI Securities Inc., MGI Securities (USA) Inc. and T.E. Wealth) manages $12.0 billion of client assets ($7.0 billion in assets under management and $5.0 billion in assets under administration). Additional information is available at http://www.joviancapital.com/ and http://www.sedar.com/.

 

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