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 mactigeron Apr 30, 2009 3:39pm

335 Views

Post# 15957295

RE: RE: Why HGU

Correct, this one traces gold miners and the dependency on GP is far from being linear. Read posts here in the last couple of days (by Tgarfield or Stockguy - I go not remember exactly whose). They explain that miners change roughly 3 times the change in GP and then you get 200% leverage on top of that change.
My take is after Barrick missed and after the sudden drops in GP people are not too keen on getting into gold miners' stocks now...

Bullboard Posts

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