AIM 07 LEVERED AND INVERSE PRODUCTS

Levered and inverse (Lx) products structured from partially collateralized futures or total rate of return swap positions .

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• Required reading​

  • Pessina and Whaley 2021 Levered and inverse funds: Blessing or curse? - FAJ​

  • O'Neill and Whaley 2023 Levered and inverse funds: Blessing or curse? - JFM  (pp. 37-39)​

  • Baer and Kiernan 20200130 Leveraged-ETF seller urges investors to fight proposed regulation - WSJ​

  • Kiernan 20201020 SEC shelves measure to protect investors in leveraged ETFs - WSJ

  • Wursthorn 20201129 Investors pile into risky ETFs during wild market rally - WSJ

  • Tsekova 20220227 Wall Street's risky 'razor blade' trade is making a comeback - Businessweek

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• Video

  • ​Watch ETFs That Short Markets Are Quietly Booming - Bloomberg

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• ​Lecture notes

  • ​Slides

    • Support files:

      • Levered and inverse ETPs.zip​

      • VIXY-UVXY-SVXY.xlsx

      • DWT vs UWT.xlsx