These Leveraged ETFs Show Just How Bad the Commodities Crash Has Been
So bad that 3-times inverse ETFs are producing 4-times returns
That drop in gold means sterling returns for some leveraged inverse ETF investors.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
You know commodities are having a bad month when 3-times leveraged inverse ETFs start kicking out 4 times the return.
As a reminder, leveraged ETFs aim to provide daily investment results that correspond to 2x or 3x the daily performance of an index through the use of derivatives.