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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Post by Preteriston Sep 15, 2009 11:11am

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Post# 16306778

For those thinking about buying HNU

Here is an actual (and fairly recent) example of contango and rebalancing...

I purchased some HNU @ $3.88 when the price of natural gas was $3.42. This was August 13th of this year.

Now that natural gas has once again reached that same price of $3.42, notice that HNU is not even close to the original $3.88 that I once had paid! In fact, it is about a dollar per share loss!!! Make sure you fully understand these types of effects and EXACTLY what particular futures' month HNU is tracking. Today being September 15th has NOTHING to do with HNU. The majority of HNU's tracking is based upon November. It will fully be November by the end of this Thursday.

Read all the posts on this blog for several weeks back before investing a penny. Save your money.

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