BetaPro Management has launched four new exchange traded funds (ETFs) covering natural gas and crude oil.
The new ETFs are: the Horizons BetaPro NYMEX Natural Gas Bull Plus ETF, the Horizons BetaPro NYMEX Natural Gas Bear Plus ETF, the Horizons BetaPro NYMEX Crude Oil Bull Plus ETF, and the Horizons BetaPro NYMEX Crude Oil Bear Plus ETF.
Similar to the existing Horizons BetaPro ETFs, the Bull Plus ETFs offer twice the daily performance and the Bear Plus ETFs twice the inverse daily performance of the underlying benchmark.
All four new ETFs trade in Canadian dollars and, through currency hedging, offer investors commodity returns expressed in U.S. dollars.
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Howard J. Atkinson, president of BetaPro says: “We are extremely pleased to deliver these innovative products with our partners, the Toronto Stock Exchange and New York Mercantile Exchange, both natural resource leaders in their own right.”
BetaPro plans to launch six more commodity ETFs later this month designed to offer exposure to COMEX gold futures, the S&P/TSX Global Mining Index, and the Dow Jones-AIG Grains Index.
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