BetaPro Management Inc. today announced that the Horizons BetaPro family of funds has reached $1.5 billion in assets under management.

In addition, the Horizons BetaPro exchange-traded funds (ETFs) were the most highly traded ETFs on the Toronto Stock Exchange last month, for the third consecutive month, accounting for over 150 million shares traded or nearly 57% of all ETFs trading by volume on the TSX for the month of May.

“These are important milestones in the growth of BetaPro. ETFs are now in significant use by both institutional and private investors, and in a very short time BetaPro has become a significant provider of ETFs products in Canada,” says Philip Armstrong, CEO of Jovian Capital Corp., the parent company of BetaPro.

“The achievement of these milestones more than supports our decision to increase Jovian’s stake in BetaPro to 60%,” he adds.