Jovian Capital Corporation and its related company BetaPro Management Inc. launched four new Horizons BetaPro Exchange-Traded Funds today, and marked the event by opening the TSX this morning.

Earlier in the week, BetaPro announced an exclusive licence agreement with Nymex, which covers Horizons BetaPro (HBP) ETFs listed in Canada and is subject to certain terms and conditions.

The funds cover commodities, natural gas and crude oil. Similar to the existing HBP ETFs, the Bull Plus ETF’s offer twice the daily performance and the Bear Plus ETFs twice the inverse daily performance of the underlying benchmark.

All four new HBP ETFs will trade in Canadian dollars and, through currency hedging, will offer investors exposure to commodity returns expressed in US dollars.

The following HBP commodity ETFs began trading today:


  • Horizons BetaPro NYMEX(R)
    Natural Gas Bull Plus ETF
  • Horizons BetaPro NYMEX(R)
    Natural Gas Bear Plus ETF
  • Horizons BetaPro NYMEX(R)
    Crude Oil Bull Plus ETF
  • Horizons BetaPro NYMEX(R)
    Crude Oil Bear Plus ETF



    “Our new HBP commodity ETFs are the first of their kind in the world and we believe they will be quickly adopted as strategic portfolio tools given the importance of natural gas and crude oil to investors worldwide,” said Howard J. Atkinson, president of BetaPro. “We are extremely pleased to deliver these innovative products to market together with our partners, the Toronto Stock Exchange and New York Mercantile Exchange, both natural resource leaders in their own right.”

    The following HBP Commodity ETFs are scheduled to begin trading later this month:

    • Horizons BetaPro COMEX(R) Gold Bullion Bull Plus ETF
    • Horizons BetaPro COMEX(R) Gold Bullion Bear Plus ETF
    • Horizons BetaPro S&P/TSX Global Mining(R) Bull Plus ETF
    • Horizons BetaPro S&P/TSX Global Mining(R) Bear Plus ETF
    • Horizons BetaPro DJ-AIG(SM) Agricultural Grains Bull Plus ETF
    • Horizons BetaPro DJ-AIG(SM) Agricultural Grains Bear Plus ETF



    “ETFs allow an investor to buy an entire basket of stocks or bonds or other assets through a single security that tracks and matches the returns of an index,” stated Rik Parkhill, president, TSX Markets and interim co-CEO, TSX Group.

    James E. Newsome, President and CEO of Nymex, said, “As the global leader in crude oil, natural gas and gold, Nymex understands the value and opportunities for diversified risk management in the growing Canadian energy and metals markets. We are gratified to work with such distinguished partners.”