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BetaPro Crude Oil Leveraged Daily Bull ETF T.HOU

Alternate Symbol(s):  HROZF | HZOZF

HOU¿s 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%) the daily performance of the Horizons Crude Oil Rolling Futures Index. HOU is denominated in Canadian dollars.


TSX:HOU - Post by User

Comment by Franjo11on Feb 14, 2009 11:20am
438 Views
Post# 15779503

RE: Kerb - well well well what did I tell you

RE: Kerb - well well well what did I tell youSo if this is the case - that ETF's are basically driving current month down by selling and next month contract by buying, thereby driving its own share price down and creating CONTANGO, then wouldn't you say that the whole ETF oil "bull" strategy is flawed, if not fraudulent?  Insiders make money on these inefficiencies at the expense of retail investors.  An average retail investor doesn't know these things.  (S)he buys based on expectation of a higher oil price.  But based on all this, you have about 70/30 downward bias in these ETFs.  Is this just another way to milk retail investors?
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