BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF
HFU.TO
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ROIC.AI
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- BetaPro S&P/TSX Capped Financials 2x Daily Bull ETF (HFU.TO) is an exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to two times (200%) the daily performance of the S&P/TSX Capped Financials Index. The ETF achieves its leveraged exposure primarily through forward agreements, cash held as collateral, and short-term debt instruments or money market instruments; it does not directly hold the underlying securities of the index but instead uses derivatives to magnify daily returns while limiting investor risk to the current value of their investment. Launched on June 12, 2007, the ETF trades on the Toronto Stock Exchange under the ticker HFU in Canadian dollars and is managed by Global X Investments Canada Inc., headquartered at 55 University Avenue, Toronto, Ontario. The fund targets sophisticated investors pursuing short-term trading strategies with high risk tolerance, providing amplified exposure to the Canadian financial sector, which includes major banks, insurers, and diversified financial services firms capped to prevent concentration in any single issuer. As of June 30, 2024, its portfolio consisted predominantly of forward agreements (73.9%), cash held for collateral (25.9%), and minimal other cash holdings, with total assets under management at $28.3 million, a management expense ratio of 1.69%, and a trading expense ratio of 1.08%. In recent developments, Global X Investments Canada Inc., the former Horizons ETFs Management (founded in 2005 and rebranded under Mirae Asset Global Investments), announced ticker symbol updates for certain BetaPro ETFs including HFU in January 2025 to align with ongoing product enhancements; additionally, in January 2025, the firm disclosed changes to forward agreement expenses and hedging costs for HFU and select leveraged ETFs to optimize operational efficiency. These adjustments reflect strategic efforts to support AUM growth and market share expansion amid a broader portfolio of over 100 ETFs focused on thematic, enhanced growth, yield, and leveraged strategies across Canadian and global markets. The ETF remains domiciled in Canada with no reported acquisitions, partnerships, or major reorganizations in the last 1-2 years beyond these administrative and cost-related updates.