Horizons offers inverse gold, silver ETFs

Horizons Exchange Traded Funds and BetaPro Management have announced the launch of two new ETFs offering investors non-leveraged, inverse exposure to the gold and silver markets.

The Horizons BetaPro COMEX Gold Inverse ETF seeks daily investment results corresponding to 100% the inverse of the daily performance of the COMEX gold futures contract for a subsequent delivery month.

The Horizons COMEX Silver Inverse ETF seeks daily investment results that correspond to 100% the inverse of the daily performance of the COMEX silver futures contract for a subsequent delivery month.

In both cases, any U.S. dollar gains or losses will be hedged back to the Canadian dollar to the best of the manager’s ability.

“Both silver and gold have been popular assets classes for investment as both of these precious metals experienced record high prices over the last 12 months,” said Howard Atkinson, CEO of Horizons ETFs. “These two ETFs will offer investors who have a negative outlook on the price of gold and silver the opportunity to profit or protect from any subsequent price declines in gold or silver futures contracts.”

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.