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Bloomberg Anchor Kate Greifeld moderated a panel called The Rise of Niche and Sophisticated ETFs which featured ProShare's Simeon Hyman, Simplify's Paul Kim, and GraniteShare's Will Rhind discussing niche products.
Leverage can be the road to riches or the road to the poor house. Retail leveraged products, fully understood, can be the way to accumulate wealth over time under the right market conditions.
The triple-leveraged fund ranks ninth on the inflows list so far this year.
TQQQ offers a leveraged investment in the potential resurgence of the NASDAQ and we believe could easily deliver over 100% returns in the next year. Leveraged ETFs are risky and therefore should not be a large percent of one's portfolio as 60-80% downside risk is still present going forward.
This is a follow-up article to an earlier article on TQQQ written on August 16th. Current TQQQ metrics still support the overall conclusion of that article. History shows investors in TQQQ are good at market timing. They hold the greatest number of shares at market bottoms and a smaller number at market tops.
TQQQ provides 3x 1-day returns of the Nasdaq 100 Index. Daily rebalancing of exposures can introduce significant tracking error over the long run.
The TQQQ surged more than 37% from our previous article before the market digested its gains from August highs. However, we surmise the pullback is healthy. Therefore, we believe another fantastic opportunity to add the TQQQ has returned. We assessed that the TQQQ could form a bottom at the current levels, constructive for further recovery.
One single-stock ETF accounts for 97% of daily trading volume in the category.
The market invalidated our previous Buy thesis on the TQQQ initially in June. However, it quickly stanched its steep sell-off before recovering and revalidating our original view. Therefore, the re-entry signal has strengthened the conviction of our Buy rating. We also observed robust medium- and long-term bottoming signals, which suggests solid buying support.
Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.