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.
HSU 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 (the Underlying Index, Bloomberg ticker:SPXT). HSU is denominated in Canadian dollars. 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. If HSU is successful in meeting its investment objective, its net asset value should gain approximately two times as much on a given day, on a percentage basis, as the S&P 500 when this Underlying Index rises on that given day. Conversely, the HBP S&P 500 Bull ETF's net asset value should lose approximately two times as much on a given day, on a percentage basis, as the S&P 500 when this Underlying Index declines on that given day.