BetaPro Natural Gas Leveraged Daily Bull ETF T.HNU

Alternate Symbol(s): HNUZF

HNUs investment objective, 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 Percentage the daily performance of the Horizons Natural Gas Rolling Futures Index the Underlying Index, Bloomberg ticker CMDYNGER. HNU is denominated in Canadian dollars. Any US dollar gains or losses as a result of HNUs investment are hedged back to the Canadian dollar to the best of its ability. The Fund To be successful in meeting its investment objective during the period, HNUs net asset value should have gained up to two times as much on a given day, on a percentage basis, as its Underlying Index rose on that given day. Conversely, HNUs net asset value should have lost up to two times as much on a given day, on a percentage basis, as its Underlying Index declined on that given day.

TSX:HNU - Post by User

BetaPro Natural Gas Leveraged Daily Bull ETF

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Comment by tradehappyon Sep 03, 2009 2:49pm

388 Views

Post# 16275829

RE: Bottom fishing now. Do you believe

Bottom fishing for natural gas is one thing and HNU another. Since the average retailer doesn't buy NG futures, I would say that you're talking about bottom fishing for HNU. With almost a $1.20 spread between Oct and Nov contracts and a rollover coming up next week, you could end up with a $1.50 HNU with a NAV of $3.50. I think I'm getting this now. Too little, too late for me, however, as I'm wiped out as of today. It's a humbling experience, I can assure you. I do not wish it on anybody. glta and be cautious

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