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WA Business News
Nov 20
Comment
Perth-based Advanced Well Technologies and Brisbane-based MBA Petroleum Consultants have merged to create a company that services the energy and gas sectors.
Sydney Morning Herald
Nov 11
Comment
Genesis Resources will terminate a joint venture agreement with Western Desert Resources after acquiring its interest in QLD and NT joint venture tenements.
My Trader's Journal
Oct 26
Comment
It's funny how things work sometimes. A few days ago when I sold new EEM naked puts I commented that I was eyeing QLD naked puts too, but decided not to chase the 2x QQQQ ETF. I thought it better to leave my limit order in and see if QLD...
MarketWatch
Oct 1
Comment
The easy money already has been made. Anyone who is only now considering an investment back into the stock market is late to the game. Smart money investors wait for Johnny-come-lately's to enter the market again, and then they sell into those...
WA Business News
Sep 30
Comment
West Perth-based electrical engineering company LogiCamms has completed its merger with Brisbane-based engineering firm, Process Essentials, as part of plans to secure larger, higher value contracts originally announced to the market in July.
The Australian
Sep 17
Comment
THE Queensland government has released a framework for the liquefied natural gas industry.
WA Business News
Aug 27
Comment
Liquified Natural Gas, an LNG plant developer and intermediary bewteen LNG reserves and potential buyers, has appointed CB&I as project management consultant for its planned three million tonne per annum LNG project at Fisherman's Landing in...
The Australian
Aug 6
Comment
BHP Billiton will resume normal operations at its Queensland coal terminal after disruptions by Greenpeace prostesters.
MarketWatch
Jul 1
Comment
Knowing how to swat what might bite is an important skill for anyone who wants to venture out beyond the cash bubble. Despite what happened to our markets between last July 4 and this one, venturing out beyond the cash bubble is an important step...
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more ▼WIKI ANALYSIS
WIKI ANALYSIS
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This article describes an exchange traded fund that tracks an index, commodity, currency, or varied basket of securites. View articles referencing this fund. |
TOP CONTRIBUTORS
QLD AT A GLANCE
The Proshares Ultra QQQ (QLD)
Profile:
Proshares Ultra QQQ (QLD) is an Exchange Traded Fund (ETF) that seeks to mimic the daily investment results, before fees and expenses, corresponding to twice the daily performance of the Nasdaq - 100 Index. In other words, if this underlying index declines by 1% for the day, the NAV of QLD will more or less decline by 2%, before fees and expenses. In the same manner, if this underlying index rises by 1% for the day, the NAV of QLD rises by 2% as well.
Inception Date: 06/19/06
Investment Strategy:
The principal investment strategies of this fund include:
- investing in equity securities and financial instruments (including derivatives) that the fund managers believe will produce twice the daily return of the Nasdaq - 100 Index.
- committing at least 80% of its net assets to equity securities or financial instruments that have similar economic characteristics contained in the Index.
- employing leveraged investment techniques or sampling techniques in seeking its investment objective.
- assets not invested in equity securities or financial instruments are invested in debt securities or money market instruments.
- concentrating its investments in a particular industry to approximately the same extent as the Index
Annual Fund Operating Expenses:
| Investment Advisory Fee: | 0.75% |
| Distribution and Service (12b-1) Fee: | 0.00% |
| Other Expenses: | 0.29% |
| Total Annual Fund Operating Expenses: | 1.04% |
| Fee Waivers / Reimbursements: | -0.09% |
| Total Net Annual Fund Operating Expenses: | 0.95% |
Top 10 Holdings: (As of February 26, 2009)
| Company | Weight |
|---|---|
| Apple Inc. | 10.90% |
| Qualcomm | 6.62% |
| Microsoft Corp. | 4.96% |
| Google Inc. | 4.84% |
| Gilead Sciences | 4.16% |
| Oracle Corp. | 3.34% |
| Teva Pharmaceutical | 3.13% |
| Cisco Systems Inc. | 2.99% |
| Amgen Inc. | 2.49% |
| Intel Corp. | 2.44% |
Reference:
Company Website: http://www.proshares.com
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