Opinions
Richard Croft
HBP Financials Bull+ E.T.F.
HFU-T
TOP PICK
Dec 19, 2013
$19.800
Stock price when the opinion was issued
E.T.F.'s
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
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COMMENT
MER is 1.15% plus there’s a forward transaction underlying it for a total of about 1.5%. You will get the dividends, but there will also be a cost on the leverage. They don't actually buy the stocks, but buy the futures market for exposure. Great product for trading but is not a product he would invest in for a long term. From a long-term perspective you are going to have difficulties seeing returns give you 2X but you are always going to have 2X market risk. You are probably better off margining a bank ETF or at a bank type of index to get the same kind of leverage.
E.T.F.'s
Financial double bull ETF. Not a long-term hold, but thinks it will be an interesting play for the 1st 6 months next year.