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 whodathunkiton Feb 14, 2010 12:54pm

215 Views

Post# 16784370

RE: RE: RE: Florida manatees

Sorry Tuna but I have to somewhat disagree with you on this one. While Barrick looked like geniuses when they first started to hedge they ended up hedging for far too long and it was costing their bottom line big time. I can't remember the exact amount but it ended up costing them something like $4 billion to exit their hedges so they could start to take advantage of the current prices. The market punished the share price for a while until they did this. I think all Trend was trying to say is that Encana doesn't want to fall into the same trap.

Cheers.

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