HVU $13.07

Change $-1.19 -8.35%

Volume 113225

Last Close $14.26


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HVU

December 15, 2010

0 (for 2018-06-07)

Toronto Stock Exchange

Horizons ETFs Management (Canada) Inc.

All Registered and Non-Registered Accounts

S&P 500 VIX Short-Term Futures Index™

SPVXSP

1.15% (plus applicable sales tax)

CAD

549300T00Y1NQCIVND90

Found In

BetaPro

Volatility

Horizons Announces Closure of HVU

Horizons ETFs Management (Canada) Inc. (the “Manager”) announced that it will be terminating the BetaPro S&P 500 VIX Short-Term Futures™ 2X Daily Bull ETF (HVU) effective at the close of business on Monday, June 11, 2018. Effective immediately, no further direct subscriptions for units of the ETF will be accepted. Tuesday, June 5, 2018, is expected to be the last date on which a redemption request may be placed with the Manager, and the ETF is expected to be de-listed from the Toronto Stock Exchange, at the request of the Manager, at the close of business on or about Wednesday, June 6, 2018, with all units still held by investors being subject to a mandatory redemption as of the Termination Date. Click here to learn more.

Investment Objective

Horizons HVU seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs that endeavour to correspond to two times (200%) the daily performance of the S&P 500 VIX Short-Term Futures Index™. Any U.S. dollar gains or losses as a result of the ETF’s investment will be hedged back to the Canadian dollar to the best of the ETF’s ability. HVU does not seek to achieve its stated investment objective over a period of time greater than one day.

The ETF is a speculative investment tool, and is very different from other Canadian exchange traded funds. It is not a conventional investment. The ETF uses leverage and is riskier than funds that do not. The ETF seeks a return, before fees and expenses, of +200% of its Underlying Index for a SINGLE DAY only . Due to daily rebalancing, the returns of the ETF, over periods longer than ONE DAY, will likely differ in amount, and possibly direction, from the performance of the Underlying Index for the same period. This effect becomes more pronounced over longer periods AND/OR as the volatility of the Underlying Index increases. The Underlying Index has tended to have a low to negative correlation to equity market returns and is highly volatile. Historically, the Underlying Index has tended to revert to a historical mean. As a result, the performance of the Underlying Index is expected to be negative over the longer term and HVU is not expected to have positive long term performance. As a result, it is not generally viewed as a stand-alone or long-term investment. Investors should monitor their investment in an ETF daily. Please read the prospectus and ensure you understand this ETF before investing in it.

Daily NAV

No Data Found

Growth of 10K

No Data Found

Annualized Performance*

No Data Available

Calendar Year Performance*

Distributions

No Data Available

Click here for more information on the S&P 500 VIX Short-Term Futures

Click here to see HVU's Commodity Roll Calendars 2016-2020

 

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Horizons ETFs is a Member of Mirae Asset Global Investments. Commissions, management fees and expenses all may be associated with an investment in exchange traded products managed by Horizons ETFs Management (Canada) Inc. (the "Horizons Exchange Traded Products"). The Horizons Exchange Traded Products are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the Horizons Exchange Traded Products. Please read the relevant prospectus before investing.

The Horizons Exchange Traded Products include our BetaPro Products which consist of our 2x Daily Bull and 2x Daily Bear ETFs ("2x Daily ETFs"), Inverse ETFs ("Inverse ETFs") and our VIX ETF (defined below). The 2x Daily ETFs and certain other BetaPro Products use leveraged investment techniques that can magnify gains and losses and may result in greater volatility of returns. These BetaPro Products are subject to leverage risk and may be subject to aggressive investment risk and price volatility risk, which, where applicable, are described in their respective prospectuses. Each 2x Daily ETF seeks a return, before fees and expenses, that is either 200% or -200% of the performance of a specified underlying index, commodity or benchmark (the "Target") for a single day. Each Inverse ETF seeks a return that is -100% of the performance of a Target. Due to the compounding of daily returns, a 2x Daily ETF's or Inverse ETF's returns over periods other than one day will likely differ in amount and, for the 2x Daily ETFs, possibly direction from the performance of their respective Target(s) for the same period. The BetaPro Product whose Target is the S&P 500 VIX Short-Term Futures Index™ (the "VIX ETF"), which is a (1x) VIX ETF, as described in the prospectus, is a speculative investment tool that is not a conventional investment. The VIX ETF’s Target is highly volatile. As a result, the VIX ETF is not generally viewed as stand-alone long-term investment. Historically, the VIX ETF’s Target has tended to revert to a historical mean. As a result, the performance of the VIX ETFs' Target is expected to be negative over the longer term and neither the VIX ETF nor its Target is expected to have positive long term performance. Investors should monitor their holdings, as frequently as daily, to ensure that they remain consistent with their investment strategies.

*The indicated rates of return are the historical annual compounded total returns including changes in per unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. The rates of return shown in the table are not intended to reflect future values of the ETF or returns on investment in the ETF. Only the returns for periods of one year or greater are annualized returns.