Horizons AlphaPro S&P/TSX 60 130/30(TM) ETF Launched - The First of its Kind
in Canada

TORONTO , Feb. 9 /CNW/ - AlphaPro Management Inc. ("AlphaPro") is pleased to announce the launch of the Horizons AlphaPro S&P/TSX 60 130/30(TM) ETF (the "ETF") which begins trading today on the TSX under the symbol HAH.

The ETF seeks investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to the performance of the S&P/TSX 60 130/30 Strategy Index(TM), a new index developed by S&P Indices. The S&P/TSX 60 130/30 Strategy Index(TM) is designed to measure the performance of an investment strategy that establishes over- and under-weight positions relative to the S&P/TSX 60(TM) Index, its parent index, by applying an analytical qualitative and quantitative ranking and weighting process. Using this process, on each quarterly rebalancing day, the S&P/TSX 60 130/30 Strategy Index(TM) will: (a) include a core 100% long position in the S&P/TSX 60(TM) Index; (b) identify 10 equity issuers in the S&P/TSX 60(TM) Index and overweight each of these issuers by 3 percentage points; and (c) identify 10 equity issuers in the S&P/TSX 60(TM) Index and underweight each of these issuers by 3 percentage points.

"We are pleased to make S&P Indices' innovative and strategic approach to indexing available to investors," said Ken McCord, President of AlphaPro. "This is the first long/short S&P(R) managed index ETF offered in Canada and represents the latest evolution from Horizons AlphaPro."

"The S&P/TSX 60 130/30 Strategy Index, the first of its type in Canada , extends S&P Indices' global family of 130/30 indices to the Canadian large cap universe," says Srikant Dash, Head of Research and Design at S&P Indices. "Horizons AlphaPro was a natural fit to provide an investable product based upon this Index, given their organization's vast expertise in ETF development for the Canadian marketplace."

About AlphaPro Management Inc. (www.HAPETFs.com)

AlphaPro is an innovative financial services company specializing in actively managed ETFs with assets under management of approximately $123 million as of January 31, 2010 . AlphaPro is a subsidiary of BetaPro Management Inc. ("BetaPro"). BetaPro is Canada's largest provider of leveraged, inverse leveraged and inverse ETFs. BetaPro manages approximately $2.3 billion in assets as of January 31, 2010 . BetaPro is a subsidiary of Jovian Capital Corporation, a publicly listed financial services companies specializing in wealth and asset management (JOV:TSX).

S&P Disclaimer

"Standard & Poor's(R)" and "S&P(R)" are registered trademarks of The McGraw-Hill Companies, Inc. and "TSX(R)" is a registered trademark of the TSX Inc. These marks have been licensed for use by AlphaPro Management Inc. The ETF is not sponsored, endorsed, sold, or promoted by Standard & Poor's or the TSX Group and its affiliated companies and neither party make any representation, warranty or condition regarding the advisability of investing in the ETF.

For further information: Ken McCord, President, AlphaPro Management Inc. at [phone] or 1-866-641-5739