BetaPro Management Inc. has filed a preliminary prospectus for four new Horizons BetaPro exchange traded funds designed to act as a hedge against Canadian equity markets, the company said Monday.

The four new ETFs are intended to provide daily investment results, before fees and expenses, that correspond to 100% inverse of the daily performance of the S&P/TSX 60 index, S&P/TSX capped financials index, S&P/TSX capped energy index and the S&P/TSX global
gold index.

“Our four new single inverse ETFs will offer 100% of the opposite daily performance of Canadian benchmarks,” says Howard Atkinson, president of BetaPro.

“Expanding our BetaPro family to 32 ETFs will increase the number of investment solutions available to investors,” he adds.

The four new ETFs are:

> Horizons BetaPro S&P/TSX 60 Inverse ETF;
> Horizons BetaPro S&P/TSX Capped Financials Inverse ETF;
> Horizons BetaPro S&P/TSX Capped Energy Inverse ETF; and
> Horizons BetaPro S&P/TSX Global Gold Inverse ETF.

There will not be any sale or acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

IE