In Tuesday's WSJ FundTrack
, John Spence
examines the potential benefits and problems with highly leveraged and short-selling ETFs through the prism of the opening trading session of the second quarter. Spence zeroes in on the Ultra Financials ProShares
, which soared 13 percent in the rally on April 1. He compared this to the Financial Select Sector SPDR
, a regular ETF in the financial sector that only gained 7 percent on the same day. These highly leveraged funds are also doing quite well as far as bringing in money. The
UltraShort Financials ProShares, which has a bearish bent, saw $1.3 billion of inflows last quarter.
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