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Understanding Leveraged ETFs
You’ve probably heard about leveraged ETFs: Funds designed to deliver twice or even three times the return of their benchmarks.
Just last week, ProShares launched the first triple-leveraged ETFs tied to the S&P 500 index. ProShares UltraPro S&P 500 (UPRO) is a 3x ETF for bulls, while ProShares UltraPro Bear S&P 500 (SPXU) is a 3x leveraged inverse ETF.
What a deal! Wouldn’t it be great to double or triple your gains? Far be it from me to throw water on the party, but I have to tell you it’s not quite so simple.
Yes, leveraged ETFs can be very useful in some circumstances. But before…
2Jul2009 | Money and Markets | 1 comment | Continued
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