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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

BetaPro Natural Gas Leveraged Daily Bull ETF
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Comment by zeroreturnson Jun 04, 2009 11:06am
670 Views
Post# 16043272

RE: NG is up , but HNU and GAS are down!

RE: NG is up , but HNU and GAS are down!I was wondering the same thing. These 2x leveraged ETF's are exposed to third party counter risk to obtain the leverage. Looks like selling pressure from counter parties prior to the EIA Nat Gas report. Horizon Beta Pro explains counter risk in their prospectus. Third party risk is one of the reasons I don't hold these EFT longer than a day.

Cheers,


Can you guys  explain this anomaly pls.

B.
Bullboard Posts
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