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BetaPro Natural Gas Leveraged Daily Bull ETF T.HNU

Alternate Symbol(s):  HNUZF

HNUs 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 Percentage the daily performance of the Horizons Natural Gas Rolling Futures Index the Underlying Index, Bloomberg ticker CMDYNGER. HNU is denominated in Canadian dollars. Any US dollar gains or losses as a result of HNUs investment are hedged back to the Canadian dollar to the best of its ability. The Fund To be successful in meeting its investment objective during the period, HNUs net asset value should have gained up to two times as much on a given day, on a percentage basis, as its Underlying Index rose on that given day. Conversely, HNUs net asset value should have lost up to two times as much on a given day, on a percentage basis, as its Underlying Index declined on that given day.


TSX:HNU - Post by User

Comment by mactigeron May 25, 2009 2:19pm
263 Views
Post# 16014125

RE: isn't NG linked to oil somewhat?

RE: isn't NG linked to oil somewhat?I really do not see why the two should be linked at all. Oil prices might serve as a purely theoretical benchmark. However, these are totally different commodities both in terms of supply and demand. While the bulk of oil is important and it is scarce in this part of the world, the shale NG reserves are abundant and relatively cheap to extract. In my humble opinion, stating that prices for gold, platinum and silver are related has more grounds and reasons to be true (and yet is not)...
And then, apart from any fundamentals, there are simple trading deviations in prices - market noise.
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