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-$6.93 (-12.44%)
01:40AM (15 mins delay)
Apr 08, 2009 - 6:58 AM EDT
Ron Rowland submits:Much has been written about the math behind leveraged ETFs and mutual funds, yet most investors fail to realize the true impact. As a result, many of these products have been ridiculed for failing to meet user expectations.
Contrary to popular belief, leveraged and inverse products that reset their exposure level every day are not new. Rydex introduced the concept with the launch of Rydex Nova ((RYNVX)) in 1993 and Rydex Ursa ((RYURX)) in 1994 (note: Ursa has since been renamed Rydex Inverse S&P 500 Strategy).
Source: Seeking Alpha (Apr 08, 2009 - 6:58 AM EDT)
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