BetaPro S&P/TSX Global Gold Miners 2x Daily Bear ETF (GDXD)

Profile

BetaPro S&P/TSX Global Gold Miners 2x Daily Bear ETF is a leveraged exchange-traded fund designed to deliver twice the inverse (-2x) of the daily performance of the Solactive Canadian Gold Miners Index. This index represents publicly traded companies operating in the gold mining sector within Canada, spanning companies of various market capitalizations involved in materials, metals, and mining. The ETF achieves its objectives through derivatives such as forwards, employing a short strategy to provide investors with amplified exposure to declines in gold mining stocks. Established in mid-2007 and managed by Horizons ETFs Management (Canada) Inc., this fund is intended for tactical, short-term trading rather than long-term buy-and-hold investment due to the effects of daily compounding inherent in leveraged funds. It serves as a tool for investors seeking to hedge or speculate on downward movements in the Canadian gold mining sector within the materials industry.