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 robbie25on Nov 18, 2009 7:43am

297 Views

Post# 16498327

RE: RE: RE: not looking good for my trade.

You're mistake was basing any buying of HNU or HND on anything to do with the price of UNG.......the two are both based on the same thing (NYMEX futures) but have absolutely NO relation to each other.

UNG is not a stock, and it does not behave like one, nor will it. There is no relationship between UNG and any other investment (except for NYMEX futures).

Yes, there may be an indirect link....i.e. if the market tanks, causing NG futures to tank, then UNG will also tank......but NG is the key.....if the S&P tanks, but NG futures stay the same, then UNG will stay the same.....it cannot and does not deviate from the actions of NG by more then a percentage point or so, exactly like HNU....note that I'm talking about daily movements, not over time.

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