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BetaPro Management Inc. announces revamped Agricultural and Base Metals Equity ETFs to start trading on the TSX on August 25, 2

^{Published on 2009-08-21 10:56:49, Last Modified on 2009-08-21 10:56:52 - Market Wire}
 

 TORONTO, Aug. 21 /CNW/ - Jovian Capital Corporation ("Jovian") (TSX: JOV) and its subsidiary BetaPro Management Inc. ("BetaPro") are pleased to announce that on August 25, 2009, the HBP DJ-AIG(SM) Agricultural Grains Bear Plus ETF, and HBP DJ-AIG(SM) Agricultural Grains Bull Plus ETF (the "Agricultural ETFs") will change their underlying indices so that each will track the daily performance of the S&P Agribusiness North America Index(TM) and the HBP S&P/TSX Global Mining(TM) Bear Plus ETF and HBP S&P/TSX Global Mining(TM) Bull Plus ETF (the "Metals ETFs") will change their underlying indices so that each will track the daily performance of the S&P/TSX Global Base Metals Index(TM). Changes to the underlying indices, investment objectives, principal investment strategies, and names of these ETFs follow previously granted Unitholder approval. ------------------------------------------------------------------------- Former ETF New ETF Ticker ------------------------------------------------------------------------- HBP DJ-AIG(SM) Agricultural HBP S&P Agribusiness North HAU Grains Bull Plus ETF America(TM) Bull Plus ETF ------------------------------------------------------------------------- HBP DJ-AIG(SM) Agricultural HBP S&P Agribusiness North HAD Grains Bear Plus ETF American(TM) Bear Plus ETF ------------------------------------------------------------------------- HBP S&P/TSX Global Mining(TM) HBP S&P/TSX Global Base HMU Bull Plus ETF Metals(TM) Bull Plus ETF ------------------------------------------------------------------------- HBP S&P/TSX Global Mining(TM) HBP S&P/TSX Global Base HMD Bear Plus ETF Metals(TM) Bear Plus ETF ------------------------------------------------------------------------- By moving to new indices, BetaPro believes the Agricultural ETFs and Metals ETFs will provide investors with a pure play on their respective equity sectors, and may benefit from improved market liquidity because public trading of the equity issuers in the indices and the stock exchanges where they are listed will close each day at the same time. Tickers for the four ETFs will remain the same. "BetaPro's decision to move to Standard & Poor's indices validates the relevance and importance of our investable benchmarks in this space," said Jasmit Bhandal, Director, Business Development of Standard & Poors. "These equity based indices will provide investors with more direct and precise access to the agribusiness and base metals markets," said Howard Atkinson, President of BetaPro. "The coincidental trading hours of the index constituents and the ETFs themselves should enhance liquidity and improve ETF efficiencies." About the Indices S&P Agribusiness North America Index(TM) The S&P Agribusiness North America Index(TM) is designed to provide liquid exposure to the upstream and downstream supply chain of the agribusiness sector. The S&P Agribusiness North America Index(TM) includes some of the largest publicly-traded agribusiness companies trading on the U.S and Canadian exchanges. To ensure investability, constituents must have a developed market listing and meet minimum market capitalization and liquidity requirements. The S&P Agribusiness North America Index(TM) has a daily market close that is at the same 4 pm Eastern time as the daily net asset value calculation of the Agricultural ETFs, which is expected to be more useful to investors and foster greater liquidity. S&P/TSX Global Base Metals Index(TM) The S&P/TSX Global Base Metals Index(TM) is a subset of the S&P/TSX Global Mining Index(TM). The S&P/TSX Global Base Metals Index(TM) is designed to provide an investable index of global securities involved in the production or extraction of base metals, which excludes gold. To ensure investability, constituents must meet minimum market capitalization and liquidity requirements. About BetaPro Management Inc. Horizons BetaPro Exchange Traded Funds ("HBP ETFs") are managed by BetaPro Management Inc., Canada's sole provider of investment tools allowing investors to profit when the market is rising or falling, or to reduce their risk by hedging their existing market exposure. HBP ETFs offer three types of structures: Bull+/Bear+ leveraged ETFs, single inverse ETFs, and single ETFs. The HBP Bull+ ETFs and HBP Bear+ ETFs are designed to provide daily investment results, before fees and expenses, that correspond to double the daily performance, or double the inverse daily performance, respectively, of their specified underlying index or benchmark. The HBP Inverse ETFs are designed to provide daily investment results, before fees and expenses, that correspond to one times the inverse of their specified underlying index or benchmark. The HBP Single ETFs are designed to provide investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to the performance of their specified underlying index. BetaPro is a subsidiary of Jovian Capital Corporation and manages, as of August 14, 2009, approximately $2.4 billion amongst 38 ETFs. About Jovian Capital Corporation ([ www.joviancapital.com ]) Jovian acquires, creates and grows financial services companies specializing in wealth and asset management. The Jovian group of companies (AlphaPro Management Inc., BetaPro Management Inc., Horizons Funds Inc., JovFunds Inc., JovFunds Management Inc., JovInvestment Management Inc., Leon Frazer & Associates Inc., MGI Securities Inc., MGI Securities (USA) Inc., MGI Financial Inc., T.E. Wealth and Felcom Data Services Inc.) manages $12.5 billion of client assets ($6.0 billion in assets under management and $6.5 billion in assets under administration). Additional information is available at [ www.sedar.com ].

For further information: Howard Atkinson, President, BetaPro Management Inc., (416) 777-5167; or Don Sangster, Investor Relations, Jovian Capital Corporation, (416) 933-5744