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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

Comment by stockabcdeon Jan 11, 2010 8:12am
242 Views
Post# 16662786

RE: Nat opinion...

RE: Nat opinion...Futures trading is a totally different beast from stock trading...1st of all it is ultra margin, take for example 1 contract of Crude Oil is 1,000 barrels and the broker only require you to put a few thousands dollars down to play.

As for these ETF, you have to know what you are doing very well before you take any position overnight, since NG is still trading while TSX is closed for trading.  Wishing for an ultra snow storm across North America or a monster draw is imo not the reason to hold HNU especially when NG broke 5.62 support with a possible gap down below support open on its regular trading hours at 8:20 AM ET, in any case a break of 5.62 indicate next support at 5 is open for testing.
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