ETF Central Update
Since my last few updates, I've been accepted into the Masters of Financial Engineering and Applied Mathematics Programs at the University of Michigan. I'll be earning my undergraduate diploma in just under one month from the Maize and Blue as well , and as the term winds to an end, I hope to have more time to devote here.
Also, although I'll be attending graduate school, I'm still available for contract and part-time work. In my academic research, I've compiled an asset database of over 11,000 stocks, mutual funds, ETFs, CEFs, and global indexes. If you're interested in obtaining customized datasets or any of the other research services I provide, feel free to phone or email me. You can find my CV and contact information here.
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Ultra v. UltraShort
It is well known that these funds will not reflect each other. The way they are constructed makes for double gains when the fund goes in the direction it should go in but results in unrecoverable long-term losses given crashes. There was an article about the Rydex leveraged funds. A 2x fund otherwise couldn't withstand a 50% crash.
Hello Kyle, You might read
Hello Kyle,
You might read the whole article first, as I note that I'm looking for reasons outside of portfolio construction to explain liquidity and cumuluative log-return differences. I also have a link in the top of the article to an explanation ProShares gives.