BetaPro introduces new silver 2X ETFs (Canada)
BetaPro Management Inc. announced the launch of two new silver ETFs on Tuesday. In what seems to be a theme lately, these two silver ETF’s are of the 2X leveraged variety. The pair are a bull and a bear that are offered to investors looking to gain access to 200% of the performance or inverse performance of the silver futures contract Market. The Silver Bull Plus ETF (HZU) seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that correspond to 200% of the daily performance of the COMEX silver futures contract for a subsequent delivery month. The Silver Bear Plus ETF (HZD) seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that correspond to 200% of the inverse of the daily performance of the COMEX silver futures contract for a subsequent delivery month.
These two ETF’s are to trade on the Toronto Stock Exchange.
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