There's now a juiced-up way to get 4 times the return of the S&P 500 — but it comes with many risks
Publishing timestamp: 2023-12-05 09:54:37
Summary
The Bank of Montreal has launched the Max SPX 500 4x leveraged ETNs, which will track four times the total return of the S&P 500. These notes will be the highest leveraged exchange traded product in the U.S. The launch comes at a time when retail investors and asset management firms are showing interest in more volatile products. However, there are risks associated with such fast-paced strategies, and investors should be aware that these leveraged products are designed for short-term trading and may not perform as expected over longer periods of time. ETNs also have credit risk and are more expensive than traditional index funds.
Sentiment: MIXED
Tickers: SOXL,
Keywords: exchange-traded funds, direxion daily semiconductor bull 3x shares, markets, montreal, breaking news: markets, business news, wall street,