BetaPro Management Inc. Launches New Suite of HBP Inverse ETFs on TSX
"Our HBP Inverse ETFs now total seven and provide a complement to our popular leveraged HBP Bull+ and Bear+ ETFs," said
The new HBP Inverse ETFs and their ticker symbols are:
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 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
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.,
For further information: Don Sangster, Investor Relations, Jovian Capital Corporation, (416) 933-5744; or Howard Atkinson, President, BetaPro Management Inc., (416) 777-5167; or Philip Armstrong, Chief Executive Officer, Jovian Capital Corporation, (416) 933-5752
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