Logo
Symbole :   
  
Temps Réel | Créer un pseudonyme  |  Mes factures | English  
(TSE-HMU) - HB S&P TSX GLOBAL BULL Retour
Date Heure Manchette
09 Février 2011 08:05 Horizons BetaPro Launches North America's First Single Copper ETF
Horizons BetaPro Launches North America's First Single Copper ETFCanada
NewsWireTORONTO, Feb. 9TORONTO, Feb. 9 /CNW/ - BetaPro Management Inc.
("BetaPro"), the manager of the Horizons BetaPro exchange traded funds
("ETFs"), is pleased to announce the listing of North America's first non-
leveraged ETF that offers exposure to the daily price performance of copper
futures contracts. The Horizons BetaPro COMEXr Copper ETF (the "Copper ETF"
or "HUK") will begin trading on the Toronto Stock Exchange ("TSX") today under
the ticker symbol HUK. HUK is BetaPro's third offering that offers
investors the opportunity to gain exposure to market changes in copper
futures contracts. "Back in June of 2010, we launched the first leveraged
copper futures ETFs in North America, listed on the TSX as HKU and HKD.
Since then, copper prices have reached record highs and global interest in
this important metal has increased. With HUK we are expanding our ETF line
up to give investors more choice to gain exposure to copper prices," said
Howard Atkinson, President of BetaPro. Mr. Atkinson pointed out that, outside
of going directly to the futures markets, the only way investors can get
access to copper through an ETF structure is indirectly through ETFs that
track base metal equities. "In our view, using an ETF linked to the return
of copper futures is the most direct and efficient way to invest in copper,"
Mr. Atkinson said. "While past performance is not indicative of future
performance,investors who have bought copper over the last six months have
been well-rewarded, as it is generally viewed that the economic recovery in
the emerging markets such as China has led to increases in demand for this
metal, which is an essential commodity for industrialization and electronics
manufacturing." The Copper ETF seeks investment results, before fees,
expenses, distributions, brokerage commissions and other transaction costs,
that endeavour to correspond to the performance of the COMEXr copper
futures contract for a subsequent delivery month. The Copper ETF is
denominated in Canadian dollars. Any U.S. dollar gains or losses as a result
of the Copper ETF's investment will be hedged back to the Canadian dollar
to the best of its ability. HUK has closed the initial offering of its
units and will begin trading on the TSX today, when the market opens this
morning.

About BetaPro Management Inc. (www.betapro.ca) BetaPro manages the Horizons
BetaPro family of exchange traded funds (the "Horizons BetaPro ETFs"), a
broadly diversified range of†investment tools with solutions for investors
of all experience levels to meet their investment objectives in a variety of
market conditions. The Horizons BetaPro ETFs†include†several types of
structures: single, inverse, leveraged and spread ETFs. BetaPro is a
subsidiary of Jovian Capital Corporation (JOV:TSX),†with†assets under
management ("AUM") of approximately $2.3 billion as of January 31, 2011,
amongst 47 ETFs. Its subsidiary, AlphaPro Management Inc., Canada's largest
provider of actively-managed ETFs, has†approximately $560 million†of AUM as
of January 31, 2011. Together under the Horizons ETFs brand, the two
companies offer more than 60 ETF solutions with almost $2.9†billion†of†AUM
as of January 31, 2011. Horizons BetaPro†BullPlus and Bear Plus ETFs ("HBP
Plus ETFs") use leveraged investment techniques that magnify gains and
losses and result in greater volatility in value. HBP Plus ETFs are subject
to leverage risk and, along with Horizons BetaPro Single exchange traded
funds ("HBP Single ETFs", collectively "HBP ETFs"), are subject to
aggressive investment risk and price volatility risk, which are described in
the HBP ETFs' prospectuses.†Each†HBP Plus ETF seeks a return, before fees
and expenses, that is either 200% or -200% of the performance of a
specified underlying index, commodity or benchmark (the "Target") for a single
day. Each HBP Single ETF seeks a return that is 100% of the performance of a
Target. Due to the compounding of daily returns, an HBP Plus ETF's returns
over periods other than one day will likely differ in amount and possibly
direction from the performance of their respective Target(s) for the same
period. Investors should monitor their holdings, as frequently as daily, to
ensure that they remain consistent with their investment strategies.
Commissions, management fees and expenses all may be associated with the HBP
ETFs. HBP ETFs are not guaranteed, their values change frequently and past
performance may not be repeated. All trademarks/service marks are registered
by their respective owners and licensed for use by BetaPro Management Inc.
and none of the owners thereof or any of their affiliates sponsor, endorse,
sell, promote or make any representation regarding the advisability of
investing in the HBP ETFs. Complete trademark and service-mark information
is available at www.hbpetfs.com/pub/en/Trademark.aspx. Please read the
prospectus before investing. Howard Atkinson, President, BetaPro Management
Inc., (416) 777-5167


.

Suivez-nous :

FaceBook Link      YouTube Link      Twitter Link
20 Octobre 2014 04:09
Les cotes sont différées de 20 minutes pour New York / Amex et de 15 minutes pour tous les autres marchés.
Les indices et les gagnants / perdants de la page d'accueil sont rafraîchis aux 4 minutes.
Technologie de cotation, données historiques et mises à jour quotidiennes fournies par DECISION-PLUS
Cotations fournies par DTN.
© DECISION-PLUS M.C. inc.    Déclaration de confidentialité    Termes et conditions    Publicité