CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks.Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
JNUG provides geared exposure (2x) to the Market Vectors Junior Gold Miners Index—a market-cap-weighted index of global gold mining companies that derive at least 50% of their revenue from gold or silver mining activities. The index caps exposure to silver mining firms at 20% during each quarterly review. The term "junior" refers to the size of these firms, which are considered to be small-caps as defined by the index provider, which slightly dilutes its exposure to gold relative to our benchmark for gold. Like most leveraged products (including sister fund JDST, which provides -2x exposure to the same index), JNUG's exposure is reset daily. The fund is therefore designed to be used as a tactical trading tool. You must regularly reset your exposure to get the multiple if you hold the fund for more than a day. Tradability is paramount for a tactical tool—which a 2x play on gold surely is. JNUG trades in robust volumes each day, but its spreads can be significant. The fund charges a high fee, which may not be much of an issue for most investors, who won't be holding onto JNUG for long.Effective 4/24/2017, JNUG resumes daily creations.