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

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Post by fireintheholeon Jan 22, 2009 11:52pm

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Post# 15722900

Kevin O'Leary (BNN) on gold...

Kevin O'Leary 2009-01-21
Gold: Keeps 5% weighting in his personal portfolio through the SPDR Gold E.T.F.(GLD-N) bullion as well as Barrick (ABX-T) and Newmont (NMC-T). In this way, he owns both the miners and the commodity. If gold really were speculating on inflation, it would be $2000 if not $3000.

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