Jovian Capital is seeking to sell its 60% stake in exchange-traded funds (ETF) business BetaPro Management, Reuters reports. The Canadian firm is in talks with South Korea’s Mirae Asset Global Investments for the sale.
BetaPro Management, which has around $3.11 billion in assets, runs the Horizons BetaPro ETF family known for its leveraged ETFs, adds Globe and Mail. Mirae is also considering buying part or all of the remaining 40% of BetaPro held by other shareholders, including founders Howard Atkinson and Adam Felesky.
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