Leveraged and inverse ETFs – the exotic side of exchange-traded funds

Created
Thu, 31/08/2023 - 18:00
Updated
Thu, 31/08/2023 - 18:00
Julian Oakland Exchange-traded funds (ETFs) are supposed to be simple and straightforward, and for the most part they are, but one group punches well above its weight when it comes to market impact. In this post, I show that leveraged and inverse (L&I) ETFs generate rebalancing flows that: (1) are always in the same direction … Continue reading Leveraged and inverse ETFs – the exotic side of exchange-traded funds