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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 Sparkletoothon Feb 01, 2012 4:00pm
249 Views
Post# 19476034

RE: RE: RE: NatGas Rig Counts

RE: RE: RE: NatGas Rig Counts

Well said...I bet these horizons products have cost most players a pile.  They are derivatives on the commodity futures markets.  Derivatives on futures - yikes!!  The word "derivative" should be enough to scare you.

They are short-term trading vehicles only, require the kind of discipline you need to sell fast and take your loss if it's going against you, and you have to be seriously crazy to bet against the trend, ever.

And that's exactly what HNU longs are doing, betting against the trend.

It's fun if you're right, like last week for a couple of days; but it's pure gambling and should be treated as such.

 

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