Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people around the world achieve their financial goals through our investing services and financial advice. Our goal is to help every Canadian achieve financial freedom.
HIX seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to one times 100 Percentage the inverse opposite of the daily performance of the S&P/TSX 60 Index the Underlying Index, Bloomberg ticker TX60AR. The Fund If HIX is successful in meeting its investment objective, its net asset value should gain approximately as much on a given day, on a percentage basis, as any decrease in the S&P/TSX 60 Index when this Underlying Index declines on that given day. Conversely, HIXs net asset value should lose approximately as much on a given day, on a percentage basis, as any increase in the S&P/TSX 60 Index when this Underlying Index rises on that given day. HIX takes positions in financial instruments that, in combination, should have similar daily return characteristics as one times 100 Percentage the inverse opposite of the S&P/TSX 60 Index.