Horizons BetaPro NYMEX® Crude Oil Bull Plus ETF 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 NYMEX® light sweet crude oil futures contract for the next delivery month.
If the ETF is successful in meeting its investment objective, its net asset value should gain approximately two times as much, on a percentage basis, as the NYMEX® light, sweet crude oil futures contract for the next delivery month when the NYMEX® light, sweet crude oil contract for the delivery next month rises on a given day. Conversely, the ETF's net asset value should lose approximately two times as much, on a percentage basis, as the NYMEX® light, sweet crude oil futures contract for the next delivery month when the NYMEX® light, sweet crude oil futures contract for the next delivery month declines on a given day.
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