Horizons BetaPro launches Canada's first Volatility Tracking ETFs

On December 16, 2010, BetaPro Management Inc. ("BetaPro"), the manager of the Horizons BetaPro family of exchange traded funds, announced the launch of the Horizons BetaPro S&P 500 VIX Short-Term Futures™ ETF ("HBP Single VIX ETF" or "HUV") and the Horizons BetaPro S&P 500 VIX Short-Term Futures™ Bull Plus ETF ("HBP Double VIX ETF" or "HVU") which track the performance of the S&P 500 VIX Short-Term Futures™ Index (the "S&P VIX S-T Index").

These are the first Canadian ETFs tracking the S&P VIX S-T Index, and the HBP Double VIX ETF is the first two-times leveraged ETF tracking the S&P VIX S-T Index to be offered in the world.

Fasken Martineau acted for BetaPro with respect to the establishment and launch of these ETF's with a team that included Garth Foster, Munier Saloojee and Louise Kennedy (securities), Mitchell Thaw (tax) and Jon Holmstrom (derivatives).