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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 Jun 03, 2009 4:37pm
463 Views
Post# 16041374

RE: RE: RE: Hnu

RE: RE: RE: Hnu

Agree.
I noticed that this chit is correlated with the broad market in a way. On an up day it goes up and on a day like today it can drop violently. If there is a bull attempt tomorrow in the broad market the chit will probably follow regardless of inventory levels.

What we have seen in the recent few days was totally abnormal due to May futures expiry, both the continued fall in the last days of May and the hump on Monday. I reckon things should revert to 'normal' now.

A question I have is when the summer A/C demand will have its influence on NG price and how long after that before the winter demand kicks in?

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