Horizons ETFs Management (Canada) Inc. launched two new BetaPro ETFs on Thursday. 

The BetaPro Equal Weight Canadian REIT 2x Daily Bull ETF and the BetaPro Equal Weight Canadian REIT -2x Daily Bear ETF provide leveraged and inverse leveraged exposure, respectively, to Canadian real estate investment trusts (REITs). 

Both ETFs have a management fee of 1.15%. 

“Whether you are bullish or bearish on a sector, using our suite of leveraged and inverse leveraged ETFs can be an easier way to make a high-conviction, short-term trade, versus traditional leverage strategies that use margin, borrowing or potentially take on unlimited risk,” said Steve Hawkins, president and CEO of Horizons ETFs, in a release.

“These two new ETFs give investors the ability to invest those views on either the long or short-side of the Canadian REIT sector without taking on the high costs of using margin, borrowing or shorting directly.”     

The ETFs began trading on the Toronto Stock Exchange on Thursday.