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

Post by CYPSaviouron Jul 30, 2010 11:03pm

496 Views

Post# 17312568

Since Monday is a Civic Holiday?

Are we wanting Gold NOT to upshoot to the upside on Monday, since Canadian equities are not trading, and this ETF won't participate in the momentum?

I guess what I'm asking is, on holidays, we want the bullion to trade slightly up or down? Or is it preferable a big correction, cos it won't impact this ETF to a high degree?

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