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23 Février 2011 08:05 Horizons Launches GMPr Junior Oil and Gas IndexT ETF
Horizons Launches GMPr Junior Oil and Gas IndexT ETFCanada NewsWireTORONTO,
Feb. 23

TORONTO, Feb. 23 /CNW/ - BetaPro Management Inc. ("BetaPro") is pleased to
announce the listing of the Horizons GMPr Junior Oil and Gas IndexT ETF (the
"HorizonsGMPr ETF"), an exchange traded fund ("ETF") which offers exposure to
an index of Canadian-based junior energy production companies. The Horizons
GMPr ETF will track the recently launched GMPr Junior Oil and Gas IndexT,
which was developed by leading Canadian securities firm, GMP Securities L.P.
("GMP Securities") and is administered by Standard and Poor'sr Financial
Services LLC ("S&P"). The Horizons GMPr ETF will begin trading on the
Toronto Stock Exchange ("TSX") today under the ticker symbol HJE. The
Horizons GMPr ETF seeks to replicate, to the extent possible, the performance
of the GMPr Junior Oil and Gas IndexT, net of expenses. The GMPr Junior Oil
and Gas IndexT is designed to provide investors with an investable index
that tracks the performance of small to mid-capitalization Canadian oil and
gas exploration and production companies that are listed on the TSX. "The
GMPr Junior Oil and Gas IndexT is the first niche index created by GMP
Securities and we're very excited to be the first ETF provider to offer an
investible ETF that tracks that underlying index. GMP Securities is a
recognized leader in the Canadian capital markets with historical strengths
in the resources sector and is consistently ranked as a top equity
underwriter in Canada and top financial advisor to the Canadian mid-market.
The underlying methodology of the index reflects what they believe is the
best representation of the Canadian junior oil and gas sector," said Howard
Atkinson, President of Horizons Exchange Traded Funds Inc. Wade Felesky,
Managing Director, Investment Banking, GMP Securities, commented that
"Companies in the GMPr Junior Oil and Gas IndexT all have market
capitalizations between CAN$100 million and CAN$3 billion and may provide a
significantly higher risk/return profile than those of the large
capitalization energy companies with which Canadian investors are probably
more familiar.""Many of today's familiar energy producer names were once
junior companies, so by investing in juniors now, one could potentially be
buying some of tomorrow's energy giants," Mr. Felesky said. "We believe that
juniors generally have the potential to realize much higher profit margins
versus larger capitalization energy companies due to the company-specific
operational leverage, but do come with the additional risks associated with
smaller companies. The stock price performances and relative valuations in
this niche sector can be highly influenced by the significant merger and
acquisition activity levels in the junior oil and gas industry." The
Horizons GMPr ETF 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, 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, 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. About
GMP Securities L.P. (www.gmpsecurities.com) GMP Securities L.P., one of the
principal subsidiaries of GMP Capital Inc. (GMP:TSX),†is a leading
independent Canadian investment dealer built on a rich history of superior
execution capabilities.† With offices located in Toronto, Calgary, Montreal
and London, England, GMP Securities L.P., together with Griffiths McBurney
Corp. and GMP Securities Europe LLP, provide investment banking,
institutional equities and equity research for corporate clients and
institutional investors located in Canada, the United States and in Europe.
GMP Securities L.P. can be found on the web at gmpsecurities.com.
Commissions, management fees and expenses all may be associated with
investments in the Horizons GMPr ETF. The Horizons GMPr ETF is not guaranteed,
its values change frequently and past performance may not be repeated. The
GMPr Junior Oil and Gas Index (the "Index") is the exclusive property of GMP
Securities, which has contracted with S&P to maintain and calculate the
Index. "GMPr" is a registered trademark of GMP Securities and has been
licensed for use by BetaPro. "Standard & Poor'sr" is a registered trademark
of S&P and has been licensed for use by GMP Securities. The Horizons GMPr
ETF is not sponsored, endorsed, sold, or promoted by GMP Securities or S&P
or their affiliated companies and none of these parties make any
representation, warranty or condition regarding the advisability of buying,
selling and holding units/shares of the Horizons GMPr ETF. S&P and its
affiliates shall have no liability for any errors or omissions in
calculating the Index. Please read the prospectus before investing.

Howard Atkinson, President, BetaPro Management Inc., (416) 777-5167


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