Discussion in 'ETFs' started by crgarcia, Aug 27, 2009.
Leverage is easy, using futures or something.
How they track the DAILY movement?
How they do it?
It just resets daily using Market On Close (MOC) orders. If you invest today you get today's close price and market action on tomorrow's index move at the close of the day. If the index goes up 1% tomorrow they adjust the overall portfolio to make sure you have 2x exposure after your 1% up move.
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