This single inverse etf gives you 1x the daily movement of the s p tsx global gold index.
Inverse gold etf canada.
The inverse gold etfs also called as short gold exchange traded funds allow for a low and cost effective manner to take a short position in gold and benefit from any potential price declines.
Each leveraged and inverse leveraged etf seeks a return before fees and expenses that is either up to or equal to either 200 or 200 of the performance of a specified underlying index commodity futures index or benchmark the target for a single day.
Here are 5 of the most popular canadian gold etfs along with a brief overview of each.
The price of gold has risen 39 0 over the past year and the vaneck vectors gold miners etf the gold mining company benchmark index has risen 60 1.
Hig horizons beta pros p tsx global gold inverse etf.
This etf invests in gold mining companies throughout the world offering exposure to large cap companies in all corners of the world.
Market vectors gold miners etf.
The funds use futures contracts to gain exposure and essentially provide a synthetic short position in gold.
Similarly canadian investors can also bet against the american stock market through horizons betapro s p 500 inverse etf or bet on a leveraged etf that returns twice the negative return in any index.
The level of magnification is included in their descriptions and is generally 1x 2x or 3x.
This is the brand new claymore etf that allows you to effectively short the 10 year government of canada bond a bet that interest rates will go higher.
Exchange traded funds etfs provide an easy way to invest in gold and canadians have several options for exposure to this precious metal.
These products provide inverse 1 1 exposure to the s p tsx 60 and s p500.
This etf s largest country weightings are in canada south africa and the u s with additional allocations to australia peru and the uk.
It is one of the most liquid gold etfs in canada with 1 41 billion in assets and has a net asset value of 22 63 per share.
Inverse short gold etfs seek to provide the opposite daily or monthly return of gold prices.
Horizons gold etf symbol.
This article lists the popular inverse gold etfs available for trading in the u s.
Cib claymore inverse 10 year government bond etf.
The fund also yields a small distribution of 0 15 quarterly.
Each inverse etf seeks a return that is 100 of the performance of its target.
In canada the etf family best known for these products assuredly not for the faint of heart is horizons etfs.
