This translation has been automatically generated and has not been verified for accuracy.Exchange-traded funds that use leverage to offer double or triple the daily return of benchmark U.S. stock indexes rank among the 10 top-performing funds of the decade, with returns that in some cases neared 2,000%, despite warnings that they are not suitable for most investors.
“This was virtually the perfect decade. You had very low volatility, very low borrowing costs, and above-average market returns,” said William Trainor, a professor at East Tennessee State University who specializes in the study of leveraged ETFs. Despite their outperformance, leveraged funds remain more suitable for tactical investors such as hedge funds than long-term investors, said Todd Rosenbluth, director of ETF and mutual fund research at CFRA.“You can be very, very right or very, very wrong [with the use of leverage] and that can also reverse itself relatively quickly,” he said.
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