ProShares Joining 3x Leverage ETF Party
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04:28:47 am on April 24, 2009

It was really just a matter of time wasn’t it?  With the smashing success Direxion has seen with its 3x leveraged ETFs it’s no surprise that ProShares wants to join the party and has filed to add 3x leverage on up to 37 of its ETFs.  It certainly wants a slice of Direxion’s 3x leveraged pie which as of recently was roughly 3.4 billion in assets across 16 leveraged ETFs.  The amount of trading volume on these leveraged ETFs is truly staggering with the popularity of them leading to all kinds of “warning” articles about the dangers.  Quite frankly I’m tired of it.  Yes, they are dangerous if used improperly just like any other kind of investment vehicle.  Know the risks, definitely know some technical analysis and understand they are designed for the short term.  Enough said.

This is a list of potential 3x leveraged ETF’s ProShares may launch and here is the SEC filing.

1.  DJ Wilshire Total Market Index
2.  Russell 1000 Index
3.  Russell 3000 Index
4.  Russell 3000 Value Index
5.  Russell 3000 Growth Index
6.  MSCI EAFE Index
7.  MSCI EAFE Value Index
8.  MSCI EAFE Growth Index
9.  MSCI Emerging Markets Index
10.  MSCI Japan Index
11.  MSCI Pacific Free ex-Japan Index
12.  MSCI Australia Index
13.  MSCI Malaysia Index
14.  MSCI Singapore Index
15.  MSCI Europe Index
16.  S&P Europe 350 Index
17.  Russell/Nomura Prime Japan Index
18.  Nikkei 255 Stock Average
19.  FTSE/Xinhua China 25 Index
20.  BONY Emerging Markets 50 ADR Index
21.  BONY Developed Markets 100 ADR Index
22.  BONY Japan Index
23.  BONY China Index
24.  Lehman US Aggregate Index
25.  Lehman 7 – 10 Year Treasury Index
26.  Lehman 20+ Year Treasury Index
27.  iBoxx Liquid $ Investment Grade Index
28.  iBoxx Liquid $ High Yield Index
29.  NASDAQ Biotechnology Equal-Weighted Index
30.  NASDAQ Clean Edge U.S. Liquid Series Index
31.  NASDAQ-100 Equal Weighted Index
32.  MSCI Brazil Index
33.  MSCI Taiwan Index
34.  MSCI South Korea Index
35.  MSCI BRIC Index
36.  MSCI Latin America Index

 

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Comments  

http://www.gilmoreport.com – best way i have found to time etf’s through timing model of dr. chris kacher

timing cube is also good though ran into difficulty in 2007.

 
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