Thursday, 24 January 2008

New Leveraged Commodity ETFs

I'm not ordinarily one to boost a financial-services company, but I thought some readers might be interested to know that Toronto-based Horizons BetaPro has just vastly expanded its list of leveraged commodity ETFs - the only ones available at this point worldwide. Trading out of Toronto, they target 200-percent returns (or the inverse of that for their short funds) for gold bullion, gold stocks, base-metal mining stocks, crude oil and natural gas. (The funds trade in Canadian dollars but use currency hedging to target the U.S.-dollar returns for those commodities.) The company is also launching another couple of ETFs (both long and short) for the agriculture sector in two weeks (specifically, a basket of soybeans, corn and wheat). For more info check the company's site here. For a great regularly updated list of U.S. and Canadian ETFs, including volume info, check Don Vialoux's DVTechTalk.com site. (Incidentally, they didn't give me anything to post this! Just gives me another way to trade some of these COTs signals. Muchas gracias, amigos!)

1 comment:

takloo said...

they are great especially for people who are bearish and want to short the market but don't have a short margin account... some of them are not very liquid but the volume for these ETFs is growing...