Understanding Leveraged ETFs

kang_wang · 发表于 2010-3-22 12:34 PM

本帖最后由 kang_wang 于 2010-3-22 18:54 编辑

I found this document on the web. It's a very intersting read about leveraged ETFs, especially x2, x3 such as FAS and FAZ. A couple of key points:

1. DO NOT hold them. They are for hedging.
2. There is some big fluctuation towards the end of each trading day due to hedging activities.

Understanding ETFs.pdf (346.97 KB, 下载次数: 107)

ranchgirl · 发表于 2010-3-22 12:40 PM

Thanks!

Paul · 发表于 2010-3-22 03:31 PM

Thx!

QQQ? · 发表于 2010-3-22 04:06 PM

kyshuishou · 发表于 2010-3-22 04:14 PM

20108 · 发表于 2010-3-22 05:31 PM

Could you lower the 阅读权限 so the frogs may read it? Thanks.

draguide · 发表于 2010-3-22 05:40 PM

以往2x的etf都是每月结算，3xetf是每日结算
每次股市波动，其本身价值都会损失。
假设fas每天涨10%次日再跌10%,即1-》1.1-》0.99
看明白了吗，每次波动价值会减少，波动越大，价值衰减越快，很简单的数学问题，用得着那么神秘么？
其他2xetf都有这个问题，只不过一个月一结算，衰减速度慢30倍而已

kang_wang · 发表于 2010-3-22 07:54 PM

回复 6# 20108

Done

Lionking · 发表于 2010-3-22 10:12 PM

Thanks.

guyuxiao · 发表于 2010-3-22 10:48 PM

thank you

20108 · 发表于 2010-3-23 02:52 PM

回复 8# kang_wang

Thank you very much.

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[知识] Understanding Leveraged ETFs

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