Description

This ETF, known as the BetaPro S&P/TSX 60 -2x Daily Bear ETF, is structured to achieve daily investment outcomes that are twice the opposite of its benchmark index's performance. The underlying index it tracks identifies 60 of Canada's most substantial publicly traded corporations by market value on the Toronto Stock Exchange. An independent committee determines the specific companies included in the index, and these are then weighted based on their readily available shares (float-adjusted market capitalization). As a leveraged financial instrument, this ETF is not suitable for extended investment periods; its magnified returns are intended to be consistent with the index's movements only over a single trading day.