BetaPro Management Inc. today announced the launch of two new Horizons BetaPro Exchange Traded Funds based on the MSCI emerging markets index.

The two ETFs are the first exchange traded funds in Canada to offer inverse and magnified exposure to emerging markets.

Horizons BetaPro MSCI Emerging Markets Bull Plus ETF ( HJU) is designed to provide daily investment results, before fees and expenses, that correspond to two times (200%) the daily performance of the MSCI emerging markets index.

Horizons BetaPro MSCI Emerging Markets Bear Plus ETF (HJD) is designed to provide daily investment results, before fees and expenses, that correspond to two times (200%) the inverse (opposite) daily performance of the MSCI emerging markets index.

“Many investors have increased their portfolio exposure to emerging markets to capture the above-average growth potential they see,” says Howard Atkinson, president of BetaPro. “But volatility in these markets remains high and the range of returns across various emerging markets can vary widely. Our new emerging market ETFs can help investors more effectively manage their exposure to this important asset class.”

Both ETFs began trading on the TSX on July 9, and are 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.