Discussion in 'ETFs' started by truetype, Mar 27, 2017.

  1. truetype


    Morningstar: Steer Clear of Leveraged Oil ETFs -- Market Talk
    Today 1:28 PM ET (Dow Jones)

    13:28 ET - Morningstar has a message for investors considering the two leveraged crude oil ETFs ProShares debuting Monday: "stay far, far away." ProShares UltraPro 3X Crude Oil ETF (OILU) and ProShares UltraPro 3X Short Crude OIl ETF (OILD) each use borrowed money to magnify their very volatile underlying holdings by a multiple of three daily, says Ben Johnson, director of ETF research at Morningstar. "If you're an investor looking at these, you're playing with fire," he says. "Longer term, they're a surefire way to set your money ablaze." (Daisy.Maxey@wsj.com; @DaisyMaxey)

    (END) Dow Jones Newswires

    March 27, 2017 13:28 ET (17:28 GMT)