This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Horizons BetaPro proposes change of S&P index 2009-05-21 16:57 ET - News Release Mr. Howard Atkinson reports BETAPRO MANAGEMENT INC. PROPOSES CHANGE OF INVESTMENT OBJECTIVES FOR HORIZONS BETAPRO DJ-AIG(SM) AGRICULTURAL GRAINS BULL+/BEAR+ ETFS AND HORIZONS BETAPRO S&P/TSX GLOBAL MINING(TM) BULL+/BEAR+ ETFS BetaPro Management Inc. will hold special meetings of the unitholders of each of its ETFs on July 24, 2009, to consider changing the underlying index of the ETFs. Currently, the underlying index of the Horizons BetaPro DJ-AIG Agricultural Grains Bull Plus ETF and Horizons BetaPro DJ-AIG Agricultural Grains Bear Plus ETF is the Dow Jones-UBS Grains Subindex (formerly called Dow Jones-AIG Grains Sub-Index), and the underlying index of the Horizons BetaPro S&P/TSX Global Mining Bull Plus ETF and Horizons BetaPro S&P/TSX Global Mining Bear Plus ETF is the S&P/TSX Global Mining Index. At the special meetings of the HBP Agri ETFs, unitholders of each HBP Agri ETF will be asked to consider revising the investment objectives of the HBP Agri ETFs by replacing the Dow Jones-UBS Grains Subindex with the S&P Agribusiness North America Index. The S&P Agribusiness North America Index is designed to provide liquid exposure to the upstream and downstream supply chain of the agribusiness sector. The S&P Agribusiness North America Index includes some of the largest publicly traded agribusiness companies trading on the U.S. and Canadian exchanges. To ensure investability, constituents must have a developed market listing and meet minimum market capitalization and liquidity requirements. The S&P Agribusiness North America Index has a daily market close that is the same as the daily net asset value calculation of these HBP Agri ETFs, which is expected to be more useful to investors and foster greater liquidity. The remainder is available to Stockwatch subscribers. If you would like to give the Stockwatch system a try,
click here for a free 30 day trial subscription. |