BetaPro Management Inc. today announce the launch of the Horizons BetaPro Global Gold ETFs. The two ETFs are the first exchange traded funds in Canada to offer inverse and magnified exposure to the S&P/TSX Global Gold Index.

Horizons BetaPro S&P/TSX Global Gold Bull Plus ETF (TSX: HGU) is designed to provide daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that correspond to two times (200%) the daily performance of the S&P/TSX Global Gold Index.

Horizons BetaPro Global Gold Bear Plus ETF (TSX: HGD) is designed to provide daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that correspond to two times (200%) the inverse of the daily performance of the S&P/TSX Global Gold Index.

Both HGU and HGD will be listed on the Toronto Stock Exchange as of June 26.

“Our new HBP Global Gold ETFs complement our existing HBP Gold Bull and Bear Plus Funds, which offer direct exposure to daily price changes in gold bullion. Now investors can easily manage their exposure to both gold equities and gold bullion using our ETFs and Funds, respectively,” ays Howard Atkinson, President of Horizons BetaPro ETFs, a division of BetaPro Management Inc.

BetaPro Management currently manages over $400 million among eight ETFs and 14 mutual funds.