On The Shelf: Horizons BetaPro scraps mutual funds

By Staff | May 14, 2008 | Last updated on May 14, 2008
2 min read
  • Horizons BetaPro U.S. Dollar Bear Plus Fund
  • Horizons BetaPro COMEX Gold Bear Plus Fund
  • Horizons BetaPro NYMEX Oil Bull Plus Fund
  • Horizons BetaPro S&P/TSX 60 Bull Plus Fund
  • Horizons BetaPro S&P 500 Bull Plus Fund

    The company offers similar ETFs to these mandates, but it is up to investors to switch from the terminating fund to the ETF before July 31, the expected date of completion for the mergers and terminations.

    In a separate release, Jovian and BetaPro announced the filing of preliminary prospectuses for 10 new Horizons BetaPro ETFs. The 10 offerings follow the now-familiar Horizons format of offering a “bear” version and “bull” version.

    The new ETFs provide either positive or negative exposure to the S&P 500, the Nasdaq 100, MSCI Emerging Markets index, the U.S. dollar, and the U.S. 30-year bond.

    “We are extremely pleased with the popularity of our existing Canadian and commodity-focused ETF line-up,” said Atkinson. “Our next wave of HBP ETFs focuses on international equity, currency and fixed-income benchmarks, all important asset classes in well-diversified portfolios.”

    (05/14/08)

    Advisor.ca staff

    Staff

    The staff of Advisor.ca have been covering news for financial advisors since 1998.

  • Horizons BetaPro U.S. Dollar Bull Plus Fund
  • Horizons BetaPro U.S. Dollar Bear Plus Fund
  • Horizons BetaPro COMEX Gold Bear Plus Fund
  • Horizons BetaPro NYMEX Oil Bull Plus Fund
  • Horizons BetaPro S&P/TSX 60 Bull Plus Fund
  • Horizons BetaPro S&P 500 Bull Plus Fund

    The company offers similar ETFs to these mandates, but it is up to investors to switch from the terminating fund to the ETF before July 31, the expected date of completion for the mergers and terminations.

    In a separate release, Jovian and BetaPro announced the filing of preliminary prospectuses for 10 new Horizons BetaPro ETFs. The 10 offerings follow the now-familiar Horizons format of offering a “bear” version and “bull” version.

    The new ETFs provide either positive or negative exposure to the S&P 500, the Nasdaq 100, MSCI Emerging Markets index, the U.S. dollar, and the U.S. 30-year bond.

    “We are extremely pleased with the popularity of our existing Canadian and commodity-focused ETF line-up,” said Atkinson. “Our next wave of HBP ETFs focuses on international equity, currency and fixed-income benchmarks, all important asset classes in well-diversified portfolios.”

    (05/14/08)