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

Bullboard Posts

Post by Preteriston Sep 16, 2009 7:36am

431 Views

Post# 16309656

November contango

It seems obvious to many on this board that the $4.40 November price (representing almost a $1.00 spread) is still priced too high for NG at this particular moment in time. It is that common knowledge that gives me concern...

Usually, if everyone (including your barber or hairdresser) believes a certain way concerning the markets, a particular stock, or an ETF, the exact opposite often occurs. It would seem very obvious that the present contango is unsurmountable leading HNU lower and HND higher for the next little while...

Tread carefully.

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