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 louon Oct 08, 2008 11:57pm

489 Views

Post# 15515532

RE: 2 times S&P/TSX Global Gold Index ETF

HGU was up 36.95% today. December gold closed up 2.7%. The HUI was up 18% so HGU did exactly as promised - it delivered 2 times what the stocks did. And a hell of a lot more than the gold price.

Why is it that people complain on single day moves when things go against them, but they don' seem to notice days like this. People like this should just stay the hell away from ETFs and play the futures or individual stocks and stop whinning so much.

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