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XBM

$--
--%
1d
1w
1m

Analysis and statistics

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About

XBM.TO represents the Horizons BetaPro S&P/TSX 60 Equal Weight Bear Plus ETF, a Canadian exchange-traded fund (ETF) designed to provide daily investment results, before fees, expenses, and taxes, that endeavor to correspond to two times (200%) the inverse (opposite) of the daily performance of the S&P/TSX 60 Equal Weight Index. This ETF uses financial derivatives like swaps to achieve its leveraged inverse return and is therefore designed for short-term trading strategies, not long-term investments. It is considered a higher-risk investment due to its leveraged nature.
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Factors

Share Price: The collective value of the mining companies within the fund drives the price.

Gold Prices: XBM.TO tracks gold mining companies, so gold price fluctuations significantly impact it.

Market Sentiment: Overall investor confidence and risk appetite affect demand and price.

Canadian Dollar: Currency fluctuations between the Canadian and US dollar can affect returns, as many mining companies trade internationally.

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