Horizons AlphaPro S&P/TSX 60 130/30(TM) ETF launched - The first of its kind in Canada
Client
AlphaPro Management Inc.
Date
February 9, 2010
On February 9, 2010, Jovian Capital Corporation (JOV:TSX) announced that its subsidiary AlphaPro Management Inc. had launched the Horizons AlphaPro S&P/TSX 60 130/30 ETF (the "ETF") which began trading on the TSX under the symbol HAH on that date.
The ETF seeks investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to the performance of the S&P/TSX 60 130/30 Strategy Index, a new index developed by S&P Indices, which is designed to measure the performance of an investment strategy that establishes over- and under-weight positions relative to the S&P/TSX 60 Index, its parent index, by applying an analytical qualitative and quantitative ranking and weighting process.
Fasken Martineau acted for AlphaPro with respect to the establishment and launch of the ETF with a team that included Garth Foster, Munier Saloojee and Louise Kennedy (investment/securities); Jon Holmstrom and Aaron Stefan (banking); and Mitchell Thaw (tax).
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