|
发表于 2011-11-12 01:03 PM
|
显示全部楼层
Not only FAS, several ETFs did reverse split same day This November,
FAS, EDC, DRV,......
ETF is consumptive. its decay will bring it to zero very quick (not good for long). Example case here.
2nd, ETF only cares daily leverage (in percentage %. 3x -->+/- 300%). So-called 3x ETF. Its absolute value (ETF price is not critical). Possibly, at higher price, percentage calculation is more accurate (insensitive. i.e 10c change at $12 vs. 10 change at $60)
If you hold 3x ETF three months while market goes up 30%. your ETF won't bring up 90% gain, because it's daily leveraged.
|
|