Horizons launches 2 leveraged ETFs

Horizons ETFs has released the BetaPro MSCI Japan Bull Plus ETF (HPU) and the BetaPro MSCI Japan Bear Plus ETF (HPD).

The funds are designed for investors who want exposure to the MSCI Japan Index; HPU offers two times the daily long of the index, while HPD offers two times the daily inverse performance of the index.

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The MSCI Japan Index is a free-float adjusted market-capitalization weighted index that tracks the equity market performance of Japanese securities listed on the Tokyo Stock Exchange, Osaka Stock Exchange, JASDAQ and Nagoya Stock Exchange. The index represents about 85% of the free-float market capitalization of Japanese equities.

The ETFs began trading today on the TSX.

“The MSCI Japan Index has risen more than 20% over the past year,” says Howard Atkinson, president of Horizons ETFs. “With the Japanese government stimulating its economy…[its] stocks have been attracting more attention from global investors.”

Any U.S. dollar gains or losses as a result of each of the ETFs’ investments will be, whenever possible, hedged back to the Canadian dollar.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.