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

Active Exchange Traded Funds

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.

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.

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).

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

9/2/2010