BETAPRO NASDAQ-100 -2X DAILY QQD Mutual Fund

Here is concise, high-level information about the asset you specified, using only general market knowledge (no live data access is available in this environment). ## What QQD generally is The BetaPro Nasdaq-100 -2x Daily mutual fund/ETF (ticker: QQD on the Toronto Stock Exchange) is designed to provide **approximately -2 times the daily performance of the Nasdaq‑100 Index, in Canadian dollars**. This means it seeks to go up in value on days when the Nasdaq‑100 goes down, and to go down on days when the Nasdaq‑100 goes up, with roughly double the move (before fees and costs). ## Key structural points - Asset type and listing: Inverse leveraged Nasdaq‑100 product listed on the Toronto Stock Exchange (TSX), trading in Canadian dollars. - Objective: Deliver about -200% of the *daily* return of the Nasdaq‑100 Index; it is not intended to match -2x of the index over periods longer than a single trading day. - Use case: Typically used by short‑term, sophisticated traders for tactical bearish bets on large‑cap U.S. tech/growth stocks or for short‑term hedging of Nasdaq‑heavy portfolios. ## Main risks to understand - **Daily rebalancing and compounding:** Because the fund resets exposure every day, returns over weeks or months can diverge significantly from simply “-2x the index over that period,” especially in volatile or choppy markets. - **Leverage risk:** Losses are magnified relative to the underlying index; sharp rallies in the Nasdaq‑100 can quickly erode capital. - **Not buy‑and‑hold:** These products are generally not designed as long‑term core holdings; they are trading tools that require monitoring and active risk management. ## Practical implications for an investor - Best suited for: Experienced investors comfortable with leverage, short‑term trading, and inverse exposure to U.S. equities. - Portfolio role: Short‑term hedge against Nasdaq‑100 downside or a speculative bearish position on large‑cap U.S. tech/growth stocks. - Due diligence: Before using QQD, it is important to read the most recent prospectus and fact sheet from the sponsor for exact objectives, fees, and risk disclosures, and to verify that the current product still targets -2x daily inverse Nasdaq‑100 exposure. Because live documents and quotes cannot be accessed in this environment, consult your broker or the issuer’s website for the latest NAV, price, distributions, and any recent changes to the fund’s mandate or structure.