Leveraged funds reflect a multiple of the trend of the underlying Energy Index – usually over a very short period of time such as a single day

All fund managers emphasize that the funds are “daily trading tools for traders and similarly sophisticated investors to express short-term market views and manage daily trading risks”

The charts for our theme make this short term focus abundantly clear with heavy losses on funds back-tested over intermediate or long time periods, whatever the performance of the underlying index may have been over the same period

Sensitivity of the funds may be simulated by choosing the shortest time frames on the tool bar

Our ETF & ETN US Sectors themes present cross-sectional views of trends in each economic activity We hope to achieve a fair coverage of ETFs in each category, which is a work in progress

We do not receive any commission or other form of compensation from the providers included in our 'Funds' presentation