This ETF offers 2x daily leverage to an index comprised of U.S. REITs, giving sophisticated investors a tool for expressing a bullish short-term view of the U.S. real estate sector. It should be noted that the daily reset feature makes URE inappropriate for investors without the ability or willingness to monitor this position on a regular (daily) basis. Moreover, investors should note that the stated target multiple is applicable only for a single trading session; returns over multiple sessions depend on the path taken by the underlying index during that period. For sophisticated investors with a fair amount of tolerance for risk and volatility, this ETF can be a useful tool for hedging short real estate exposure or simply for speculating on an increase in the value of this asset class over a short period of time. But URE shouldn't ever be found in a long-term, buy-and-hold portfolio; it's simply too risky, and the nuances of this fund make significant losses possible when held for an extended period of time in volatile markets. Investors looking for exposure to real estate for the long haul should take a look at VNQ or other options in the Real Estate and Global Real Estate ETFdb Categories. SRS is an option for making a short leveraged bet on this asset class; investors seeking 3x daily real estate exposure have both bull (DRN) and bear (DRV) options in ETF form.