Horizons BetaPro is launching a new series of exchange-traded funds that provide investors with results inverse to those of the underlying index.

On March 5, the company launched the HBP S&P/TSX 60 Inverse ETF and the HBP S&P/TSX Financials Inverse ETF.

On Wednesday, Horizons BetaPro will add two more funds to the family: the HBP S&P/TSX Energy Inverse ETF and the HBP S&P/TSX Global Gold Inverse ETF.

Each fund seeks daily investment results that correspond to one-times the inverse of the underlying index, seeking to help investors add profit or manage risk during periods of market decline.

Ultimately, the new funds prevent investors with an alternative to selling short, according to Horizons BetaPro. Through the current unpredictable market environment, the company has witnessed growing investor interest in alternative approaches to achieve their investment goals.

IE