HORIZONS NYMEX Crude Oil Bull

[natureboy76]

Does anyone know of the HORIZONS NYMEX Crude Oil Bull (HOU.TO)?..I just came across it today and can't seem to find a lot of info on it and I am wondering if anyone knows of it or if it's any good...

http://ca.finance.yahoo.com/q?s=HOU.TO

[Preet]

It does what it's supposed to do. I recommend checking out the literature on Betapro's site. Make sure to read up on the compounding leverage effect. General opinion is that leveraged ETFs are suitable for short term trading vehicles only.

I also wrote about it: http://www.wheredoesallmymoneygo.com/double-exposure-exchange-traded-funds/

and

http://www.wheredoesallmymoneygo.com/leveraged-and-inverse-leveraged-etfs-tracking-the-same-index-can-both-lose-money/