BetaPro Management launches 10 additional Horizons BetaPro ETFs

On June 16, 2008, BetaPro launched an additional 10 Horizons BetaPro Exchange Traded Funds ("HBP ETFs") which track the performance of the S&P 500, NASDAQ-100, MSCI Emerging Markets, U.S. Dollar and U.S. 30-year bond indices. BetaPro launched four HBP ETFs on the TSX on June 18, a further four HBP ETFs on the TSX on June 25, 2008 and the last two HBP ETFs are to be launched on the TSX on July 9, 2008. Similar to the existing HBP ETFs, the new bull HBP ETFs offer twice the daily performance, and the new bear HBP ETFs offer twice the inverse performance, of their underlying benchmark. All of the HBP ETFs are offered in Canadian dollars, although certain of the HBP ETFs will offer investors exposure to their underlying index which is expressed in US dollars, through currency hedging. Fasken Martineau acted for BetaPro in the launch of these new HBP ETFs with a team that included Garth Foster, Munier Saloojee and Michael Gleeson (securities/investment funds); Jon Holmstrom and Aaron Stefan (banking & finance); and Mitchell Thaw (tax).