“A December rate hike appears to be a likely event at this point, but the outlook ahead is very different as the market and the Fed have differing views on how many rate hikes are in the cards for next year,” said Charlie Ripley, senior investment strategist at Allianz Investment Management.
DUST seeks daily investment results equal to 300% of the inverse of the daily performance of the NYSE Arca Gold Miners Index. The index is a modified market capitalization weighted index comprised of publicly traded companies that operate globally in both developed and emerging markets, and are involved primarily in mining for gold and, to a lesser extent, in mining for silver.
Based on Yahoo! Finance performance numbers, DUST has generated returns of 48.68% year-to-date and 29.07% within the past year.
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