1-Star ETFs Poised to Plunge: ProShares Ultra Gold?
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, ProShares Ultra Gold (NYS: UGL) has received the dreaded one-star ranking.
With that in mind, let's take a closer look at ProShares Ultra Gold and see what CAPS investors are saying about the ETF right now.
ProShares Ultra Gold facts
|Total Net Assets||$372.7 million|
|Investment Approach||Seeks to provide daily investment results that correspond to twice (200%) the daily performance of gold bullion as measured by the U.S. dollar p.m. fixing price for delivery in London|
|Year-to-Date / 1-Year / 3-Year Returns||17.3% / (16.0%) / 33.9%|
|Alternatives||PowerShares DB Gold Double Long ETN|
SPDR Gold Shares
iShares Gold Trust
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 42% of the 251 members who have rated ProShares Ultra Gold believe the ETF will underperform the S&P 500 going forward.
This call might hurt over the next few weeks, months, or even years. But I'd rather own shares of a company that produce something of real value to society than a shiny metal. Inflation hedge aside, there are better places to put your money, and when these doomsday prophecies disappear, so will gold at [$1,700] an ounce.
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The article 1-Star ETFs Poised to Plunge: ProShares Ultra Gold? originally appeared on Fool.com.Fool contributorBrian Pacamparaowns no position in any of the companies mentioned. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Fool'sdisclosure policyalways gets a perfect score.
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