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and commission fees.
Noteworthy points and Considerations:
Let’s go over some of the high-level items you might want to take into consideration for these new ETFs.
First, you should know where to go if looking for in-depth details pertaining to these funds
Click here for the BULL fund <https://www.horizonsetfs.com/ETF/HMJU>
Click here for the INVERSE fund <https://www.horizonsetfs.com/ETF/HMJI>
Both of these ETFs work differently and have different risk levels that your standard buy and hold ETFs you may be used too. Make sure you understand that one is meant to work the opposite of the market directions and in the longer term stocks are know (and hoped to) appreciate over time, while the other will magnify the movements.
per Horizon: “HMJI, before fees and expenses, does not and should not be expected to return the inverse (e.g. -100%) of the return of its Underlying Index over any period of time other than daily.” same logic applies to the HMJU fund as well surrounding 200% expectations. Thus the funds are recommended to be monitored daily which may or may not suit your particular circumstances.
- I have personally noticed that the L2 on these tickers currently poses a wider bid-ask spread than other ETFs. This may be in part to it being new. For those of you looking to place super tight entries and exits, this may not be the best method for you at the moment.
- The funds daily NAV is updated on their website so you know if you are buying at a premium or discount.