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BetaPro Canadian Gold Miners 2x Daily Bull ETF T.HGU

Alternate Symbol(s):  HZNSF

HGU seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the daily performance of the Solactive Canadian Gold Miners Index. If HGU is successful in meeting its investment objective, its net asset value should gain approximately twice as much on a given day, on a percentage basis, as the Solactive Canadian Gold Miners Index when this Underlying Index rises on that given day. Conversely, HGUs net asset value should lose approximately twice as much on a given day, on a percentage basis, as the Solactive Canadian Gold Miners Index when this Underlying Index declines on that given day. In order to achieve this objective, the total underlying notional value of these instruments and/or securities will typically not exceed two times the total assets of the ETF. As such, HGU employs leverage.


TSX:HGU - Post by User

BetaPro Canadian Gold Miners 2x Daily Bull ETF
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Comment by livenlearnon Jun 20, 2013 8:14pm
93 Views
Post# 21551007

RE: RE: RE: RE: RE: RE: RE: Looks like all stops b

RE: RE: RE: RE: RE: RE: RE: Looks like all stops b

The good thing about this etf there is no contango.  If Abx goes up $2.5 in one day hgu is over $12....assuming the rest in the group follow suit approx.

anyone see Peter munks purchase of 100,000 abx shares at 21.05 recently.  These guys don't worry about day to day action.  They know the value in the long term.

 

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