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Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD-TSX) |
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. |
Overview
The Horizons BetaPro NYMEX Crude Oil Bear+ ETF (HBP Crude Oil Bear+ ETF) seeks daily investment results equal to 200% the daily performance, or inverse daily performance, of the NYMEX light sweet crude oil futures contract for the next delivery month. The HBP NYMEX Crude Oil Bear+ ETF is denominated in Canadian dollars, as the US dollar exposure of the underlying index is hedged daily.[1]
Investment Strategy[2]
The HBP Crude Oil Bear+ ETF takes positions in financial instruments and/or equity securities to seek daily investment results, before fees and expenses that correspond to twice the inverse daily performance of the NYMEX Crude Oil futures contract for the next delivery month. On specified dates these futures contracts are rolled mechanically into a subsequent futures contract before the current position expires according to a defined schedule. This mechanism also allows the investor to maintain an exposure to commodities over time. HBP ETFs are rebalanced daily, so risk is limited to the initial invested capital. As a result, 200%/-200% benchmark tracking over a longer period is dependent upon the extent of compounding and the underlying benchmark volatility.
Fund Information
- Fund Manager - Horizons BetaPro ETFs
- Inception Date - 01/16/2008
- Exchange – Canada TSX Exchange
- Index Ticker – HOD
- Intra-day NAV Ticker – HOD
- CUSIP: 44045B100
- Expense Ratio – 1.15%
Top Holdings and Performance
| Name | % of Portfolio |
| (200%) times the inverse daily performance of NYMEX light sweet crude oil futures contract | 100.00% |
Other Oil & Gas ETFs
References
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