TORONTO, July 28 /PRNewswire-FirstCall/ -- Jovian Capital Corporation ("Jovian") (TSX: JOV), its related company BetaPro Management Inc. ("BetaPro Management") and the New York Mercantile Exchange, Inc. ("NYMEX"), are pleased to announce that the Horizons BetaPro Exchange Traded Funds ("ETFs") based on NYMEX(R) Natural Gas, Crude Oil and COMEX(R) Gold prices have reached over $500 million in assets under management and have traded a total of 240 million shares on the Toronto Stock Exchange ("TSX") since inception six months ago. The Horizons BetaPro NYMEX(R) Crude Oil Bear Plus ETF (TSX: HOD) is one of BetaPro's most successful products with daily average volume of close to 4 million shares traded last month and asset growth of over 1000% since inception.
"The marketplace has shown a strong demand for our NYMEX and COMEX branded ETFs," said Howard Atkinson, President of BetaPro. "Our partnership with NYMEX has enabled easy investor access to the world's largest physical commodities exchange and the premier futures and options exchange in the natural resources space."
The success of the NYMEX(R) Natural Gas, Crude Oil and COMEX(R) Gold ETFs is mirrored in BetaPro's overall growth and success. Since launch in January 2007, assets under management by BetaPro Management have been on a steady upward growth trajectory. In less than 18 months, the Horizons BetaPro family of funds reached $1.75 billion in assets under management, an asset growth of over 1000%. In addition, the Horizons BetaPro ETFs were the most highly traded ETFs on the Toronto Stock Exchange last month, for the fourth consecutive month. ETFs are enjoying sustained popularity globally and BetaPro Management expects them to show rapid growth over the next five years.
The Horizons BetaPro ETFs carrying the NYMEX(R) and COMEX(R) brands are the first of their kind in the world and BetaPro has an exclusive license agreement with NYMEX.
NYMEX Chairman Richard Schaeffer said, "NYMEX is pleased with the success these products have shown in such a short time. We believed there was a strong need for innovative energy and metals risk management tools in Canada, and we are proud to work with BetaPro to meet that need."
All six of these ETFs trade on the TSX and are 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.
For further information visit http://www.HBPETFs.com. NYMEX commodity-based Horizons BetaPro ETFs: Symbol: Horizons BetaPro NYMEX(R) Natural Gas Bull Plus ETF HNU Horizons BetaPro NYMEX(R) Natural Gas Bear Plus ETF HND Horizons BetaPro NYMEX(R) Crude Oil Bull Plus ETF HOU Horizons BetaPro NYMEX(R) Crude Oil Bear Plus ETF HOD Horizons BetaPro COMEX(R) Gold Bullion Bull Plus ETF HBU Horizons BetaPro COMEX(R) Gold Bullion Bear Plus ETF HBD Other Horizons BetaPro ETFs: Symbol: Horizons BetaPro S&P/TSX 60(R) Bull Plus ETF HXU Horizons BetaPro S&P/TSX 60(R) Bear Plus ETF HXD Horizons BetaPro S&P/TSX Capped Financials(R) Bull Plus ETF HFU Horizons BetaPro S&P/TSX Capped Financials(R) Bear Plus ETF HFD Horizons BetaPro S&P/TSX Capped Energy(R) Bull Plus ETF HEU Horizons BetaPro S&P/TSX Capped Energy(R) Bear Plus ETF HED Horizons BetaPro S&P/TSX Global Gold(R) Bull Plus ETF HGU Horizons BetaPro S&P/TSX Global Gold(R) Bear Plus ETF HGD Horizons BetaPro S&P/TSX Global Mining(R) Bull Plus ETF HMU Horizons BetaPro S&P/TSX Global Mining(R) Bear Plus ETF HMD Horizons BetaPro DJ-AIGSM Agricultural Grains Bull Plus ETF HAU Horizons BetaPro DJ-AIGSM Agricultural Grains Bear Plus ETF HAD Horizons BetaPro S&P 500(R) Bull Plus ETF HSU Horizons BetaPro S&P 500(R) Bear Plus ETF HSD Horizons BetaPro NASDAQ-100(R) Bull Plus ETF HQU Horizons BetaPro NASDAQ-100(R) Bear Plus ETF HQD Horizons BetaPro U.S. Dollar Bull Plus ETF HDU Horizons BetaPro U.S. Dollar Bear Plus ETF HDD Horizons BetaPro U.S. 30-year Bond Bull Plus ETF HTU Horizons BetaPro U.S. 30-year Bond Bear Plus ETF HTD Horizons BetaPro MSCI Emerging Markets Bull Plus ETF HJU Horizons BetaPro MSCI Emerging Markets Bear Plus ETF HJD
"NYMEX(R) is a registered service mark of New York Mercantile Exchange, Inc. and COMEX(R) is a registered service mark of Commodity Exchange Inc., and have been licensed by them for use to BetaPro Management. The Funds are not sponsored, endorsed, sold or promoted by New York Mercantile Exchange, Inc. or Commodity Exchange, Inc., and New York Mercantile Exchange, Inc. and Commodity Exchange, Inc. make no representation regarding the advisability of investing in the Funds."
About New York Mercantile Exchange
NYMEX Holdings, Inc. (NYSE: NMX) is the parent company of the New York Mercantile Exchange, Inc., the world's largest physical commodities futures and options exchange, offering futures and options trading in energy and metals contracts and clearing services for more than 400 off-exchange energy contracts. Through a hybrid model of open outcry floor trading and electronic trading on CME Globex(R) and NYMEX ClearPort(R), NYMEX offers crude oil, petroleum products, natural gas, coal, electricity, gold, silver, copper, aluminum, platinum group metals, emissions and soft commodities contracts for trading and clearing virtually 24 hours each day. Further information about NYMEX Holdings, Inc. and the New York Mercantile Exchange, Inc. is available on the NYMEX website at http://www.nymex.com.
About BetaPro Management Inc. (http://www.HBPETFs.com)
Horizons BetaPro Exchange Traded Funds are managed by BetaPro Management Inc., Canada's sole provider of investment tools allowing investors to profit when the market is rising or falling, or to reduce their risk by hedging their existing market exposure. BetaPro Management currently manages the largest number of Canadian ETFs, with approximately $1.8 billion amongst 28 ETFs.
About Jovian Capital Corporation (http://www.joviancapital.com) Jovian acquires, creates and grows financial services companies specializing in wealth and asset management. The Jovian group of companies (MGI Securities Inc., MGI Securities (USA) Inc., Rice Financial Group Inc., BetaPro Management Inc., Horizons Funds Inc., JovFunds Management Inc., JovFunds Inc., JovInvestment Management Inc., Leon Frazer & Associates Inc., T.E. Wealth and Felcom Data Services Inc.) manages $15.0 billion of client assets ($5.8 billion in assets under management and $9.2 billion in assets under administration). Additional information is available at http://www.HBPETFs.com and http://www.sedar.com
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
SOURCE Jovian Capital Corporation
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here