Description

The fund seeks investment results that correspond to 2x inverse of the daily performance of its underlying index, which is designed to measure the performance of Canadian companies active in the gold mining industry and are classified as producers of gold and gold-related products. The fund is market-cap-weighted, with individual constituents capped at 25% of the index weight. As a levered fund, it is not a buy-and-hold investment and should not be expected to provide index leverage returns greater than a one-day period.