Jovian Capital Corporation (Jovian) and its subsidiary BetaPro Management (BetaPro), the manager of the Horizons BetaPro Exchange Traded Funds, have completed a transaction for a 20% equity investment in AlphaPro Management (AlphaPro) by National Bank Financial Group.
Adam Felesky, CEO of AlphaPro, said: We are very pleased to welcome National Bank Financial as a shareholder in AlphaPro. We feel that actively managed ETFs are the next evolution in investing, providing investors with all the benefits of an ETF, and at a lower cost than traditional mutual funds.
AlphaPro, the manager of the Horizons AlphaPro Exchange Traded Funds (ETFs), is a financial services company. AlphaPro currently manages approximately $93 million on behalf of investors and is the only provider of actively managed ETFs in Canada.
Horizons BetaPro Exchange Traded Funds offer three types of structures: Bull+/Bear+ leveraged ETFs, single ETFs, and single inverse ETFs.
Jovian Capital Corporation acquires, creates and grows financial services companies in wealth and asset management sectors.
