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 beshiredon Aug 03, 2009 1:59pm

285 Views

Post# 16186953

RE: 2x Daily , so do we miss out on today's move ?

Hi guys,

Been following this board for several weeks now.

TGarfield is 100% correct in this case - HNU owns futures contracts. If the value of the futures contracts go up overnight, or over a holiday or during the day the value of HNU increases.

The ONLY way that we will not see a huge Gap up tomorrow is if before 9:30 am tomorrow natural gas gives back all of it's gains (not likely). Just assume that today's activites are just like 'overnight' activities - and assuming NG doesn't drop back down, we will see a gap up.

Hope this helps guys,

Cheers.

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