BetaPro Management Inc. today announced the launch of four new Horizons BetaPro Exchange-Traded Funds (HBP ETFs) covering gold bullion and global mining companies.

Similar to the existing HBP ETFs, the Bull Plus ETFs offer twice the daily performance and the Bear Plus ETFs offer twice the inverse daily performance of the underlying benchmark.

All four new HBP ETFs will trade in Canadian dollars. However, the HBP Comex Gold Bull+ and Bear+ ETFs will offer investors exposure to gold bullion returns expressed in US dollars, through currency hedging.

The following HBP Commodity ETFs begin trading today:
> Horizons BetaPro Comex Gold Bullion Bull Plus ETF (HBU)
> Horizons BetaPro Comex Gold Bullion Bear Plus ETF (HBD)
> Horizons BetaPro S&P/TSX Global Mining Bull Plus ETF (HMU)
> Horizons BetaPro S&P/TSX Global Mining Bear Plus ETF (HMD)

“Gold and the mining companies that extract it and other important metals have always been a significant segment of Canadian financial markets. Given the importance to domestic and international investors, we are extremely pleased to offer four new HBP commodity related ETFs – the first of their kind in the world – offering leveraged and inverse exposure to gold bullion and global mining companies,” stated Howard J. Atkinson, President of BetaPro.

“Standard & Poor’s indices form the basis of some of the world’s most actively traded index-based products,” says Jasmit Bhandal, director of business development for Standard & Poor’s Index Services. “We look forward to strengthening our partnership with BetaPro for new derivative products based upon our market leading Canadian indices, most notably the S&P/TSX composite family of indices.”

James E. Newsome, president and CEO of Nymex, stated, “Nymex is proud to partner with BetaPro and the TSX to introduce these innovative new products. As the global leader in crude oil, natural gas and gold, Nymex understands the value and opportunities for diversified risk management in the growing Canadian energy and metals markets.”