Inverse Gold Etf Canada

Exchange traded funds etfs provide an easy way to invest in gold and canadians have several options for exposure to this precious metal.

Inverse gold etf canada. Here are 5 of the most popular canadian gold etfs along with a brief overview of each. The funds use futures contracts to gain exposure and essentially provide a synthetic short position in gold. 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. 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. This single inverse etf gives you 1x the daily movement of the s p tsx global gold index. This etf s largest country weightings are in canada south africa and the u s with additional allocations to australia peru and the uk. 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.

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. This article lists the popular inverse gold etfs available for trading in the u s. 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. Since this is an etf focused on producers it has a much higher risk profile than gold bullion itself.

The fund also yields a small distribution of 0 15 quarterly. 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. Cib claymore inverse 10 year government bond etf. Horizons gold etf symbol.

These products provide inverse 1 1 exposure to the s p tsx 60 and s p500. Horizons hug seeks investment results before fees. Market vectors gold miners etf. In canada the etf family best known for these products assuredly not for the faint of heart is horizons etfs.

Hig horizons beta pros p tsx global gold inverse etf. In comparison the s p 500 is up 15 8.