ProShares Ultra DJ-UBS Natural Gas (the "ETF") seeks daily investment results, before fees and expenses, that correspond to twice (2x) the daily performance of the Dow Jones-UBS Natural Gas Subindex (the "Index").
The Index intended to reflect the performance of a rolling position in natural gas futures contracts traded on the NYMEX without regard to income earned on cash positions.
An investment in natural gas futures contracts may often perform very differently than the price of physical natural gas.
Notice: Hang Seng Indexes are delayed by at least 15 minutes. All quotes are updated at end-of-day as indicated by the relevant timestamp. To get real-time Hong Kong, Japan or U.S. stock quotes, please visit our Real-time Quote Center for details.
SOURCE: HKEX, HSIL, TSE, SGX, NASDAQ
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Investment involves risk and the offering documents of the funds should be read for further details. The price of unit shares and the income from them may go down as well as up and any past performance figures shown are not indicative of future performance.
Investors should note that the information may not have set out all the risks and other significant aspects involved in investing in the funds mentioned herein. Prospective investors should take steps to ensure that they fully understand the transaction and have made an independent assessment of the appropriateness of the transaction in the light of their own objectives and circumstances, including the possible risks and benefits of entering into such transaction. Investors should therefore read the relevant prospectus for details, including the product features and risk factors, and consider their own investment objective and risk tolerance level before investing. When in doubt, you should seek confirmation from your independent financial advisor whether the funds are suitable for you.
Those funds that target to provide investment results that closely correspond to the performance of the relevant underlying index, the performance of such fund may be highly correlated to the performance of the relevant underlying index. Do not invest in them unless you fully understand and are willing to assume the risks associated with them.
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Those funds that adopt a "Synthetic Replication" investment strategy, in particular, but not limited to, the synthetic ETFs (a marker X is placed at the beginign of the stock short names) listed on SEHK, may use financial deriivative instruments (such as swaps and performance-linked structured products issued by counterparties) to replicate the index performance. As a result, synthetic ETFs will be exposed to counterparty risk in that the counterparty may be unable to honour its commitments.
Listing on the stock exchange does not in and of itself guarantee that liquid market exists for ETFs. Besides, a higher liquidity risk is involved if an ETF uses financial derivative instruments, including structured notes and swaps, which are not actively traded in the secondary market and whose price transparency is not as easily accessible as physical securities. This may result in a bigger bid and offer spread. These financial derivative instruments are also susceptible to more price fluctuations and higher volatility. Hence, they can be more difficult and costly to unwind early, especially when the instruments provide access to a restricted market where liquidity is limited in the first place.
Those funds that invest in commodities may involve higher risks. The performance of commodities futures fund or commodities index fund may not correlate with the performance of the underlying commodities due to imbalances between expectation on futures contracts and the current price of commodities
Those funds or investors that base their investments in currencies other than the fund's denominated currency or those funds that invest in currencies are exposed to fluctuations of the exchange rate between their base currency and the fund's denominated currency.
In the worst-case scenario, the value of the funds may be worth substantially less than the original amount you invested (and in an extreme case, could be worth nothing).
Investment decision is based on your own judgment. You should NOT invest in the fund unless the intermediary who sells it to you has advised you that the fund is suitable for you and has explained why, including how it is consistent with your financial circumstances and your investment objectives.
The ETF's market price on the stock exchange may be different from its net asset value (NAV) per unit.
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