BY SIMON CONSTABLE
The market tumult has highlighted a potential double hazard for individual investors: the pitfalls of leveraged funds, and the need to read the fine print in any investment.
One particular fund provides an instructive example for both issues. It is Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL), which is designed to deliver three times the return of the daily move in the S&P 500 High Beta Index. Read more here.
The market tumult has highlighted a potential double hazard for individual investors: the pitfalls of leveraged funds, and the need to read the fine print in any investment.
One particular fund provides an instructive example for both issues. It is Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL), which is designed to deliver three times the return of the daily move in the S&P 500 High Beta Index. Read more here.
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NYSE Trading Floor 1963
pingnews.com, Public domain, via Wikimedia Commons
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