What does HGY mean in UNCLASSIFIED

Horizons Gold Yield (HGY) is an investment product offered by the New York-based asset management firm, Horizons ETF Management Canada Inc. It is a type of index fund that provides exposure to gold and other precious metals via holdings in gold-denominated exchange traded funds (ETFs).

HGY offers a unique way for investors to access the performance of different gold and precious metal markets by investing in ETFs denominated by gold. The portfolio contains at least 80% of its net asset value (NAV) invested in securities issued by companies whose operations are directly related to the mining or exploration of gold or other specified minerals, such as silver, palladium, et cetera.

The portfolio includes stocks, bonds, physical commodities, derivatives, cash equivalents and certain other financial instruments related to these assets. The exact composition will depend on market conditions at any given time but is typically composed of a variety of equity securities listed on exchanges worldwide including U.S. Exchange Traded Funds tracking gold miners or explorers; physical commodities including actual bullion; exchange-listed options on precious metals; bond interest payments from governments that guarantee stable store values; futures contracts tracks production costs and forward delivery schedules; foreign currency contracts related to hedging against price movements; repurchase agreements etc.

Unlike most traditional investments which buy and sell specific stocks or bonds solely for returns on capital appreciation over time, with HGY you get direct exposure to multiple markets simultaneously providing diversification across all major global markets with one single investment vehicle. Furthermore, since it provides exposure through professionally managed Exchange Traded Funds backed by underlying physical assets it also has liquidity advantages over investing directly into specific individual commodities as well as possible lower cost due to higher trading volumes associated with ETF's versus physical commodities.

Investors looking for direct exposure spanned across all major global markets with one single investment vehicle could potentially consider investing in this fund if they see potential gains due to price movement fluctuations between the various components within this fund versus separate investments into each one individually thus resulting in lower overall risk due to diversification among various sectors that constitute the whole fund structure.