4倍ETFs are coming# Stock
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SEC approves request to list and trade quadruple-leveraged ETfs
The Securities and Exchange Commission on Tuesday approved a request to list
and trade quadruple-leveraged exchange-traded funds, marking a first for
the growing market for such funds in the United States.
The request to list ForceShares Daily 4X US Market Futures Long Fund and
ForceShares Daily 4X US Market Futures Short Fund was filed by
Intercontinental Exchange Inc's NYSE Arca exchange.
One of the funds is designed to deliver 400 percent of the daily performance
of S&P 500 stock index futures, while another fund will aim to deliver four
times the inverse of that benchmark.
The Securities and Exchange Commission on Tuesday approved a request to list
and trade quadruple-leveraged exchange-traded funds, marking a first for
the growing market for such funds in the United States.
The request to list ForceShares Daily 4X US Market Futures Long Fund and
ForceShares Daily 4X US Market Futures Short Fund was filed by
Intercontinental Exchange Inc's NYSE Arca exchange.
One of the funds is designed to deliver 400 percent of the daily performance
of S&P 500 stock index futures, while another fund will aim to deliver four
times the inverse of that benchmark.