BetaPro Canadian Gold Miners 2x Daily Bull ETF T.HGU

Alternate Symbol(s): HZNSF

HGU seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the daily performance of the Solactive Canadian Gold Miners Index. If HGU is successful in meeting its investment objective, its net asset value should gain approximately twice as much on a given day, on a percentage basis, as the Solactive Canadian Gold Miners Index when this Underlying Index rises on that given day. Conversely, HGUs net asset value should lose approximately twice as much on a given day, on a percentage basis, as the Solactive Canadian Gold Miners Index when this Underlying Index declines on that given day. In order to achieve this objective, the total underlying notional value of these instruments and/or securities will typically not exceed two times the total assets of the ETF. As such, HGU employs leverage.

TSX:HGU - Post by User

BetaPro Canadian Gold Miners 2x Daily Bull ETF

Bullboard Posts

Comment by gaserx2on Feb 06, 2009 12:32pm

440 Views

Post# 15758587

RE: Pls explain to me like I'm a 4 year old

One of the problems may be that several of the other stocks in their top 10 holdings are still laagging and not yet back to their July highs. [Agnico-Eagle, Yamana, Goldcorp etc.]. Once these stocks and the rest of its top holdings recover to those highs, I would think that HGU should be trading much higher.

Bullboard Posts

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