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 Oct 28, 2008 9:43pm

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Post# 15552436

RE: RE: HGU Not Moving Accordingly!!

Hgu is not based on the HUI. It is based on TSX global Gold Index. FYI

HORIZONS BETAPRO ETFS

Horizons BetaPro Exchange Traded Funds (HBP ETFs), a unique series of alternative Exchange Traded Funds (ETFs), are designed to help investors achieve their investment goals in all market conditions. HBP ETFs go beyond traditional index funds. HBP Bull Plus ETFs seek to double the daily performance of a market index. HBP Bear Plus ETFs seek twice the daily returns opposite those of an index. Combined, Horizons BetaPro ETFs allow investors to profit or protect in all market environments.

INVESTMENT OBJECTIVE

The Horizons BetaPro S&P/TSX Global Gold Bull+ ETF (HBP Gold Bull+ ETF) and the Horizons BetaPro S&P/TSX Global Gold Bear+ ETF (HBP Gold Bear+ ETF) seek daily investment results equal to 200% the daily performance, or inverse daily performance, of the S&P/TSX Global Gold Index®, before fees and expenses. The Index consists of securities of global gold sector issuers listed on the TSX, NYSE, NASDAQ and AMEX.

PRINCIPAL INVESTMENT STRATEGY

The HBP Gold Bull+ ETF and the HBP Gold Bear+ ETF take positions in financial instruments and/or equity securities to seek daily investment results, before fees and expenses that correspond to twice the daily performance or inverse daily performance of the S&P/TSX Global Gold Index®. HBP ETFs are rebalanced daily, so risk is limited to the initial invested capital. As a result, 200%/-200% benchmark tracking over a longer period is dependent upon the extent of compounding and the underlying benchmark volatility. To minimize these effects, longer term investors should rebalance their HBP ETF holdings periodically.

TOP TEN INDEX HOLDINGS (SEPTEMBER 30, 2008)

TOTAL:			88.43%
1. Barrick Gold Corp.	24.12%	6. Anglogold Ashanti Ltd.	5.12%
2. Goldcorp Inc.	17.29%	7. Gold Fields	4.73%
3. Newmont Mining	12.85%	8. Yamana Gold Inc.	4.35%
4. Kinross Gold	8.11%	9. Lihir Gold Ltd	3.45%
5. Agnico-Eagle Mines	5.93%	10. Harmony Gold Mining Co Ltd	2.48%