The design of leveraged and inverse exchange-traded funds (ETFs) has raised concerns
that they may exacerbate volatility in financial markets by mechanically rebalancing their …

Purpose Prior literature has shown that, theoretically, holding-period returns of a leveraged
exchange-traded fund (LETF) are generally negatively affected by the volatility of the …

Levered exchange-traded products have been criticized as offering inferior long-term returns
for two reasons: their higher volatility and, apparently, the belief that volatility diminishes …

We analyze investment strategies involving triple-leveraged and inverse triple-leveraged
ETF pairs by simulating daily returns over a 48-year period. Our results show that many such …

This study aims to investigate the day‐of‐the‐week effect of cross‐market leveraged
exchange‐traded funds (LETFs) in the Taiwanese stock market. We find that Wednesday's …

This paper examines the performance of Leveraged Exchange-Traded Funds (LETFs) on
Chinese A-share indices. We find that bull funds deliver positive average returns and that …

Volatility reduces any investment's compound rate of return in what is termed volatility drag,
a drawback of leveraged investment products (LIPs). In recent years “Version 2.0” LIPs that …

This paper examines the performance of investment strategies involving leveraged and
inverse leveraged ETF pairs. As in Jiang and Peterburgsky's (2017) simulation analysis, the …

摘要跟隨國際發展趨勢, 台灣也於2014 年推出槓桿型ETF 上市交易, 槓桿型ETF
主要用以進行短期槓桿投機與避險交易, 並且利用每日再平衡操作(daily rebalancing) …

Abstract Exchange Traded Notes (ETNs) are unsecured debt obligations backed by the
credit quality of the issuing bank. These investments are designed to provide the return of an …