Reported about 20 hours ago
Wall Street's appetite for derivatives-powered ETFs has surged, with Direxion filing for over 70 new funds, a record high for a single asset manager. Despite concerns about market saturation and risks associated with leveraged trading, this move reflects a belief in ongoing investor demand for innovative investment products. The filings include trades in popular stocks and various sectors, although caution remains as poor long-term performance of such funds could lead to significant losses.
Source: YAHOO