Multi-year Performance of Non-equity Leveraged ETFs
November 10, 2011 - Commodity Futures, Currency Trading, Gold, Volatility Effects
An array of leveraged exchange-traded funds (ETF) track short-term (daily) changes in commodity and currency exchange indexes. Over longer holding periods, these ETFs tend to veer off track. The cumulative veer can be large. How do leveraged ETFs perform over a multi-year period? What factors contribute to their failure to track underlying indexes? To investigate,… Keep Reading