Jovian Capital Corporation (“Jovian”) (TSX: JOV) and its subsidiary…
BetaPro Management Inc. (“BetaPro”) are pleased to announce the listing of two new commodity-based Horizons BetaPro Exchange Traded Funds (“HBP ETFs”) on the Toronto Stock Exchange, the Horizons BetaPro COMEX® Silver Bull Plus ETF (“HBP COMEX® Silver Bull+ ETF”) and the Horizons BetaPro COMEX® Silver Bear Plus ETF (“HBP COMEX® Silver Bear+ ETF”).
“As the number of ETF listings in Canada now exceeds 100 exchange traded funds, Horizons BetaPro is proud to be at the forefront of growth, popularity and diversity of available ETFs,” said Howard Atkinson, President of BetaPro.
“Given the immense interest in commodities, advisors and investors are seeking new ways to diversify their portfolios,” he continued. “Our new Bull and Bear COMEX® Silver Plus ETFs offer investors a new opportunity to access +/-200% of the daily performance of the silver futures contract market in a cost-effective manner.”
The HBP COMEX® Silver Bull+ ETF (TSX Ticker: HZU) seeks 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 COMEX® silver futures contract for a subsequent delivery month. The HBP COMEX® Silver Bear+ ETF (TSX Ticker: HZD) seeks 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 COMEX® silver futures contract for a subsequent delivery month. The HBP COMEX® Silver Bull+ ETF and HBP COMEX® Silver Bear+ ETFs are denominated in Canadian dollars. Any U.S. dollar gains or losses as a result of these ETFs’ investment will be hedged back to the Canadian dollar to the best of the ETFs’ ability.
Source: ETFWorld.com – Horizons BetaPro Exchange Traded Funds
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