Leveraged Exchange-Traded Funds A Comprehensive Guide to Structure, Pricing, and Performance / by Peter Miu, Narat Charupat.
Leveraged Exchange-Traded Funds (LETFs) are publicly-traded funds that promise to provide daily returns that are in a multiple (positive or negative) of the returns on an index. To meet that promise, the funds use leverage, which is typically obtained through derivatives such as futures contracts, f...
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