Grand opening, cutting red ribbon

Horizons ETFs Management (Canada) Inc. launched two new BetaPro ETFs on Thursday. 

The BetaPro Equal Weight Canadian REIT 2x Daily Bull ETF and the BetaPro Equal Weight Canadian REIT -2x Daily Bear ETF provide leveraged and inverse leveraged exposure, respectively, to Canadian real estate investment trusts (REITs). 

Both ETFs have a management fee of 1.15%. 

“Whether you are bullish or bearish on a sector, using our suite of leveraged and inverse leveraged ETFs can be an easier way to make a high-conviction, short-term trade, versus traditional leverage strategies that use margin, borrowing or potentially take on unlimited risk,” said Steve Hawkins, president and CEO of Horizons ETFs, in a release.

“These two new ETFs give investors the ability to invest those views on either the long or short-side of the Canadian REIT sector without taking on the high costs of using margin, borrowing or shorting directly.”     

The ETFs began trading on the Toronto Stock Exchange on Thursday.