RE: reply to Spazzman:Still Chewing on This One1) HEX, HEE, HEP & HEF are all IPO's issued early this year before the US debt ceiling FCUK up and prior to the European mess. They were all issued at $10.00 rose initially then dropped in tandem with the market.
2) As I have said in past posts the yield of >15% is made up of more then just dividends, its capital gains, and the call option sales.
3) funds like these produce the most yeild in flat to bear markets. If any one sector where to spike, the options are exercised then we could see a loss in n.a.v. as we would have sold to early and would buy back at higher
prices.
4) because the option income is paid out to shareholder and not used to reinvest, our n.a.v. stays lower then
other funds which retain this income.
I suggest that you visit the Horizons web site, view the videos and decide for yourself if these ETF's are for you.
PS: Never use stockhouse when doing DD. Read the news releases issued via the companies.