ProShares, the largest issuer of leveraged and inverse ETFs, has filed for SEC approval on several additional products. The proposed funds include: [click to continue…]
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Once considered a vital “return enhancer” in almost every portfolio, real estate as an asset class has fallen out of favor with investors following its spectacular collapse during (and role in causing) the recent global economic downturn. Real estate was historically embraced because of its potential for delivering excess returns in bull property markets and low correlation with traditional stock and bond investments. But as default rates skyrocketed, values plummeted, and correlations went to 1.0, asset managers have sold off real property and reallocated investor portfolios to equities and fixed income. [click to continue…]
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What started last week in St. Louis has set off a domino effect throughout the country. Following the announcement of Edward Jones’ decision to cease offering leveraged ETFs, a number of other firms have distanced themselves from these controversial products:
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The swelling controversy over the risks associated with leveraged ETFs has apparently caused its first casualty. St. Louis-based Edward Jones & Co., the prominent financial services firm, decided during a regular review of its products in June to stop selling leveraged funds, citing the fact that they are “one of the most misunderstood and potentially dangerous [...]
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As a result of the seemingly endless decline in the U.S. housing market (we’re nearing the three year mark for the current downturn), most real estate ETFs on the market have been posted huge losses since 2007, with many still down more than 50% from their record highs despite recent rallies. But as any shrewd investor [...]
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