Horizons launches Canada's first Actively Managed Balanced ETF

On July 28, 2010, AlphaPro Management Inc. ("AlphaPro"), the manager of the Horizons AlphaPro Exchange Traded Funds ("ETFs"), is pleased to announce the launch of the Horizons AlphaPro Balanced ETF (the "Balanced ETF"). The Balanced ETF began trading on the Toronto Stock Exchange under the symbol HAA. The investment objective of the Balanced ETF is to seek to provide a consistent rate of return balanced between current income and long-term capital growth. The Balanced ETF invests primarily in a balanced portfolio of publicly traded equity, income trust and debt securities located predominantly in Canada. In order to obtain direct or indirect exposure to these securities, the Balanced ETF may invest in exchange traded funds and exchange traded notes. Fasken Martineau acted for AlphaPro with respect to the establishment and launch of the Balanced ETF with a team that included Garth Foster, Munier Saloojee and Louise Kennedy (investment/securities), and Mitchell Thaw (tax).