The MacroTourist

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LEVERAGED ETFS: NEVER FOR THE LONG-RUN

posts.themacrotourist.com

LEVERAGED ETFS: NEVER FOR THE LONG-RUN

The 'tourist goes through the math, explains the hedging effects, and finally, fades the "Dumb Money"

Kevin Muir
May 6, 2022
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LEVERAGED ETFS: NEVER FOR THE LONG-RUN

posts.themacrotourist.com

Leveraged ETFs are getting more attention lately. I’ve heard some terrible takes, and with the increased focus on the end-of-day hedging flows, I thought it important to write a piece about the topic. Even if you don’t trade them, understanding how they affect markets is beneficial, so hopefully my piece offers a little something for everyone.

Let’s star…

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