What does HBD mean in TORONTO STOCK EXCHANGE
HBD is an acronym for Horizons BetaPro COMEX Gold Bullion Bear Plus Exchange Traded Fund. It is a form of exchange-traded fund (ETF) that tracks the performance of COMEX gold bullion leveraged to provide twice the inverse return of spot gold on a daily basis. This ETF can be used by investors seeking to gain exposure to the movements in gold prices without actually owning physical gold.
HBD meaning in Toronto Stock Exchange in Business
HBD mostly used in an acronym Toronto Stock Exchange in Category Business that means Horizons BetaPro COMEX Gold Bullion Bear Plus Exchange Traded Fund
Shorthand: HBD,
Full Form: Horizons BetaPro COMEX Gold Bullion Bear Plus Exchange Traded Fund
For more information of "Horizons BetaPro COMEX Gold Bullion Bear Plus Exchange Traded Fund", see the section below.
Essential Questions and Answers on Horizons BetaPro COMEX Gold Bullion Bear Plus Exchange Traded Fund in "BUSINESS»TSX"
What is Horizons BetaPro COMEX Gold Bullion Bear Plus Exchange Traded Fund?
Horizons BetaPro COMEX Gold Bullion Bear Plus Exchange Traded Fund is an exchange-traded fund (ETF) that tracks the performance of COMEX gold bullion leveraged to provide twice the inverse return of spot gold on a daily basis.
What kind of returns does this ETF generate?
The ETF generates twice the inverse return of spot gold on a daily basis.
How can investors use this ETF?
Investors can use this ETF to gain exposure to the movements in gold prices without actually owning physical gold.
Is there any risk associated with investing in this ETF?
Like other investments, there are risks associated with investing in this ETF including market, liquidity and counterparty risks. Investors should ensure they understand these risks before investing.
Who manages HBD?
The fund is managed by Horizons BetaPro Management Inc., which is part of Mirae Asset Global Investments Group.
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