Horizons launches junior energy ETF

BetaPro Management has launched the Horizons GMP Junior Oil and Gas Index ETF, which offers exposure to an index of Canadian-based junior energy production companies. As the name suggests, the index was developed by GMP Securities.

The ETF seeks to replicate, to the extent possible, the performance of the GMP Junior Oil and Gas Index, net of expenses.

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“Companies in the GMP Junior Oil and Gas Index all have market capitalizations between $100 million and $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,” says Wade Felesky, managing director, investment banking, GMP Securities.

“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.”

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