BetaPro Crude Oil Inverse Leveraged Daily Bear ETF (HOD.TO) TSX

5.55

-0.055(-0.98%)

Updated at September 08 01:35PM

Currency In CAD

BetaPro Crude Oil Inverse Leveraged Daily Bear ETF

Address

Canada

Phone

N/A

Website

N/A

Sector

Financial Services

Industry

Asset Management - Leveraged

Employees

N/A

First IPO Date

January 16, 2008

Key Executives

N/A

Description

The fund inverse leveraged fund, like all geared products, is not a buy-and-hold investment, and should not be expected to provide index leverage return greater than a one-day period. The fund provides 2x inverse the return of a futures-based light sweet crude oil index on a daily basis. Daily compounding of returns can lead to the fund's returns varying significantly from the -2x exposure to the index over longer holding periods. Index returns reflect both the price changes on its front month futures contracts as well as any gain or loss from rolling those futures contracts. The fund manager could change the underlying futures contract exposure and rolling methodology in response to changing market conditions at its discretion.