HBKU and HBKD offer leveraged and inverse leveraged exposure, respectively, to an index of Canada’s Big Six banks.
“Within the TSX’s top 60 companies, Canada’s Big Six banks make up nearly a quarter of the total market capitalization, underscoring their relative importance to the Canadian equity market and the economy at large,” said Steve Hawkins, President and CEO of Horizons ETFs.
“Whether you are bullish or bearish on a variety of sectors, broad indices or commodities, our suite of leveraged and inverse leveraged ETFs can provide a potential high-conviction, short-term trade.”
HBKU aims to produce daily investment returns that attempt to correspond to two times (200%) the daily performance of the Solactive Equal Weight Canada Banks Index before fees, expenses, and other transaction costs.
Meanwhile, HBKD strives to achieve daily investment results that aim to correspond to two times (200%) the inverse (opposite) of the daily performance of the Solactive Equal Weight Canada Banks Index before transaction costs.
