A known face in the industry, MicroSectors, has just announced the launch of two new ETFs seeking the long and short performance of gold. The MicroSectors Gold 3x Leveraged ETNs (SHNY) and the MicroSectors Gold -3x Inverse Leveraged ETNs (DULL) will both be linked to the performance of the SPDR Gold Shares ETF (GLD). As demand for the gold sector is constantly changing these new funds look to offer exposure to the long and short performance of physical gold and gold miners from its GDXU and GDXD ETNs.
ETF Newz Says:
Leveraged ETFs can offer many benefits giving investors access to both sides of the coin but the risk should be known.