BetaPro Management launched two new exchange traded funds—the Horizons BetaPro S&P/TSX Capped Financials Bull Plus ETF and the Horizons BetaPro Capped Financials Bear Plus ETF—yesterday.
They are the first exchange traded funds in the country to offer inverse and magnified exposure to the S&P/TSX Capped Financials Index.
The Horizons BetaPro S&P/TSX Capped Financials Bull Plus ETF is designed to provide daily investment results that endeavour to correspond to two times the daily performance of the S&P/TSX Capped Financials Index.
And the Horizons BetaPro Capped Financials Bear Plus ETF is designed to provide daily investment results that endeavour to correspond to two times the inverse of the daily performance of the index.
“Expanding our lineup to include the Canadian financial sector is an important step in offering investors even more tools to help manage their investment portfolios,” says Howard Atkinson, president of the Horizons BetaPro ETFs division.
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