BetaPro Management Inc. today announced the launch of four new Horizons BetaPro exchange-traded funds (ETFs) based on the S&P 500 index and the Nasdaq-100 index.

These ETFs are the first in Canada to offer inverse and magnified exposure to the U.S. equity indices.

Horizons BetaPro S&P 500 Bull Plus ETF is designed to provide daily investment results, before fees and expenses, that correspond to two times (200%) the daily performance of the S&P 500.

Horizons BetaPro S&P 500 Bear Plus ETF is designed to provide daily investment results, before fees and expenses, that correspond to two times (200%) the inverse (opposite) of the daily performance of the S&P 500.

Horizons BetaPro Nasdaq-100 Bull Plus ETF is designed to provide daily investment results, before fees and expenses, that correspond to two times (200%) the daily performance of the Nasdaq-100.

Horizons BetaPro Nasdaq-100 Bear Plus ETF is designed to provide daily investment results, before fees and expenses, that correspond to two times (200%) the inverse (opposite) of the daily performance of the Nasdaq-100.

“Exposure to the U.S. Market is essential for a well diversified portfolio,” says Howard Atkinson, president of BetaPro. “The S&P 500 and Nasdaq-100 indices are two of the most widely followed U.S. equity benchmarks and our ETFs tracking them should be adopted very quickly by Canadian investors.”

All four ETFs will begin trading on the TSX on June 18, and will be denominated in Canadian dollars.

Any U.S. dollar gains or losses as a result of each of these ETFs’ investments will be, whenever possible, hedged back to the Canadian dollar, BetaPro says.