Briefly:

Previous Brieflies this week: | MON | TUE | WED | THU |

(January 16, 2008) Vancouver-based portfolio manager McElvaine Investment Management Limited has launched two new advisor series for the McElvaine Investment Trust.

Series A units will provide a 30 basis point trailer to advisors, with a 25% share of performance fees generated by the trust.

“I believe this structure aligns all of our interests with our clients’ interests,” said Tim McElvaine, president of MIML. “If we perform poorly, our investors pay lower fees. If we do well, then everyone benefits, including the financial advisor.”

New Series F units offer no advisor compensation. Existing units of the trust were renamed as Series B units at the end of December and are still available through the firm’s direct sales channel.

• • •

BetaPro offers leveraged energy ETFs

(January 16, 2008) BetaPro Management has launched four new Horizons BetaPro ETFs offering leveraged exposure to natural gas and crude oil.

“Our new HBP commodity ETFs are the first of their kind in the world, and we believe they will be quickly adopted as strategic portfolio tools, given the importance of natural gas and crude oil to investors worldwide,” said Howard J. Atkinson, president of BetaPro.

The new offerings include a Bear Plus and Bull Plus ETF investing in each commodity. For example, the Horizons BetaPro NYMEX Natural Gas Bear Plus ETF will provide investors with double the inverse daily performance of the NYMEX spot price for natural gas. The NYMEX Natural Gas Bull Plus gives investors double the exposure, without the inverse relationship.

The NYMEX Crude Oil Bull Plus and NYMEX Crude Oil Bear Plus ETFs provide similar exposure to the price of oil.

• • •

Jovian launches new Gartman notes

(January 16, 2008) Jovian subsidiary JovFunds Management has announced the launch of the CIBC Gartman Global Allocation Deposit Notes, Series 3, which, as the name suggests, will be linked to the Gartman Index.

The Gartman Index offers long, short or neutral exposure in various weightings to any combination of 24 underlying equity, commodity, bond and currency sub-indexes, as selected by noted market commentator Dennis Gartman on a monthly basis.

“After the success of the first two series, we are delighted to be collaborating once again with CIBC and Dennis Gartman on Series 3 of the notes,” said Raj Lala, managing partner of JovFunds Management Inc.

The notes provide 100% principal protection if held to maturity, which is a six-year term. They are available for sale until March 7, 2008.

• • •

Claymore ETF targets higher yield

(January 16, 2008) Claymore Investments has launched a new ETF to track the performance of the Zacks Global Yield Hog Index, an index that seeks tax-efficient income through investment in high-yielding equity issues.

The Claymore Global Monthly Yield Hog ETF will use a forward agreement with National Bank of Canada to receive exposure to the securities that make up the Zacks index. The ETF will trade on the TSX under the symbol “CYH.”

“The ‘Hog’ will be the first ETF in Canada to focus on global dividend- and income-paying securities,” said Som Seif, president & CEO of Claymore Investments, Inc. “Prior to this ETF, it was very difficult for Canadians to get access to global yielding securities on a tax-efficient basis, which was a major benefit of using the forward agreement structure.”

The Claymore Global Monthly Yield Hog ETF will be offered in a common class as well as in an advisor class unit.

(01/16/08)