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Client Work

Horizons launches North America's first leveraged Copper ETFs

Fasken
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Client

BetaPro Management Inc.

On June 23, 2010, BetaPro Management Inc. (BetaPro), the manager of the Horizons BetaPro exchange traded funds (the ETFs), announced the listing of North America's first two-times leveraged and two-times inverse leveraged ETFs that offer exposure to the daily price performance of copper futures contracts (each a Copper ETF). The Copper ETFs began trading on the Toronto Stock Exchange today. The Horizons BetaPro COMEX Copper Bull Plus ETF and the Horizons BetaPro COMEX Copper Bear Plus ETF will offer investors two different ways to attempt to profit from market changes in copper futures contracts. They are the only ETFs in North America with returns exposed solely to copper futures contracts. Fasken Martineau acted for BetaPro with respect to the establishment and launch of these ETFs with a team that included Garth Foster, Munier Saloojee and Louise Kennedy (investment/securities), Mitchell Thaw (tax) and Jon Holmstrom and Aaron Stefan (derivatives).

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