About Active Exchange Traded Funds (ETFs) Managed by Horizons Alpha Pro

Active Exchange Traded Funds

9/2/2010

Introducing Horizons AlphaPro Active ETF. They're like mutual funds... only better. Every portfolio needs Alpha. To find out more about Horizon AlphaPro active ETFs contact your advisor or us directly at 416-933-5745 (1-866-641-5739 toll free) or info@betapro.ca. The AlphaPro ETFs are the first actively managed Exchange Traded Funds offered in Canada by the same team of innovators as BetaPro. The Horizons AlphaPro Managed S&P/TSX 60 ETF (HAX: TSX) is the first AlphaPro ETF to be launched. The fundamental investment objective of this fund is to achieve long-term capital growth by investing primarily in equity securities that are constituents of the S&P/TSX 60.

Horizons AlphaPro Gartman Fund (HAG.UN) has been created to provide investors with the opportunity for capital appreciation through exposure to the investment strategies of The Gartman Letter, L.C., founded by Dennis Gartman. This fund will use equity securities, futures contracts and ETFs to provide long and short exposure to multiple asset classes which may include but are not limited to global equities, commodities, fixed income and currencies.Horizons AlphaPro announced in May 2009 that is has filed a preliminary prospectus with respect to the Horizons AlphaPro Fiera Tactical Bond Fund. This fund is expected to automatically convert into an active exchanged traded fund after June 30, 2010 and before December 31, 2010. In December 2008, the unitholders of the Jov Talisman fund approved the conversion of that fund into an actively managed ETF - one of the first offered in Canada listed on the TSX. The new fund is called the Horizons AlphaPro S&P/TSX 60 ETF. Contact us today for more information about:

Active ETF
Active ETFs
Active Exchange Traded Funds
Actively Managed ETFs
Canadian ETF
Dennis Gartman
Alpha ETFs
ETFs that are Actively Managed
ETFs from Canada

AlphaPro Management Inc., the manager of the Horizons AlphaPro ETFs, is an innovative financial services company specializing in actively managed exchange traded funds. AlphaPro is a subsidiary of BetaPro Management Inc., Canada's sole provider of leveraged and inverse leveraged exchange traded funds. BetaPro is an indirect subsidiary of Jovian Capital Corporation ("Jovian") a publicly-traded company listed on the TSX (JOV). Jovian is a management and holding company with interests in a variety of financial service firms specializing in wealth and asset management. The Jovian group of companies operates as a national financial services organization with approximately $12.0 billion of client assets ($5.0 billion in assets under management and $7.0 billion in assets under administration).

Speaking about the Horizons Alpha Pro Gartman Fund, Dennis Gartman said, "This product will provide Canadian investors with a unique opportunity to invest in an actively managed fund with exposure to our investment strategies and recommendations." Dennis Gartman, author of The Gartman Letter, has worked in the capital markets since 1974. Since 1987, Mr. Gartman has provided recommendations on the global capital markets in The Gartman Letter, a highly regarded daily macro-economic and trading-oriented newsletter read by the professional investment community including leading global banks, brokerage firms, hedge funds, mutual funds and commodity trading companies. The Gartman Letter provides commentary and investment recommendations on most financial markets, with particular emphasis on fixed income, foreign exchange, equity indices, precious metals, energy and agricultural commodities. What are Actively Managed ETFs?

They're like mutual funds... only better. Active exchange traded funds are similar to traditional mutual funds, but are listed on an exchange. While both funds are designed to outperform a specific index, only active ETFs are traded intraday, just like stocks. Actively managed ETFs provide investors with the ability to trade at a specifc predetermined price. Mutual funds, on the other hand, are priced at the end of each day and reflect their net asset value (NAV).

Moreover, most trading in an active ETF will occur between shareholders on the exchange, shielding the exchange traded fund from cashing in securities. Mutual funds must sell securities to raise the cash to pay shareholders.

Unlike the average Canadian Equity Fund, which charges an average management fee of 2.65% (Source: GlobeFund), Horizons Alpha ETFs charge a management fee of only 0.70%. Introducing Horizons AlphaPro Actively Managed ETFs. They're like mutual funds... only better. Every portfolio needs Alpha.

For actively managed Exchange Traded Funds (ETFs) or an active Canadian ETF alternative to index funds, look to Horizons Alpha Pro.

9/2/2010