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BetaPro Natural Gas Inverse Lever Daily Bear ETF T.HND

Alternate Symbol(s):  HBNNF

HND's investment objective was changed after gaining approval at a meeting of shareholders on August 20, 2020 and the name of the ETF was changed to the BetaPro Natural Gas Inverse Leveraged Daily Bear ETF. HNDs new investment objective, which became effective at the close of business on August 27, 2020, is to seek daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to two times (200%) the inverse (opposite) of the daily performance of the Horizons Natural Gas Rolling Futures Index (the Underlying Index, Bloomberg ticker: CMDYNGER). HND is denominated in Canadian dollars. Any U.S. dollar gains or losses as a result of the ETFs investment are hedged back to the Canadian dollar to the best of its ability.


TSX:HND - Post by User

Post by halfcentmanon Nov 11, 2009 9:51am
262 Views
Post# 16474582

Ausies Update El Nino

Ausies Update El Nino

Summary: Tropical Pacific Ocean warmest since 2002 El Niño

Central equatorial Pacific Ocean temperatures have continued to warm over the past two weeks, and are now at their highest levels since at least the El Niño event of 2002. Similarly, the 30-day Southern Oscillation Index is lower than at any time since 2005. Leading climate models suggest tropical ocean temperatures will remain above El Niño thresholds into the first quarter of 2010.

A sustained weakening of the Trade Winds during October and early November enabled central Pacific equatorial temperatures to rise up to 2°C above normal. However, average to stronger than average Trade Winds currently over the western Pacific may curtail any further warming during the next fortnight. The distribution of tropical cloud has similarities to the patterns observed in the 2002 and 2006 El Niño events, while recent rainfall patterns over Australia are typical of mature El Niño conditions.

Despite a warming of the oceans to Australia's northwest over the past week, the Indian Ocean Dipole (IOD), as measured by the Dipole Mode Index (DMI), is neutral. The Bureau's POAMA model suggests neutral IOD conditions will persist over the coming months.

https://www.bom.gov.au/climate/enso/

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