The Direxion Daily 20+ Year Treasury Bull & Bear 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the ICE U.S. Treasury 20+ Year Bond Index.[1]
What type of product is TMF?
What are leveraged ETFs?
Leveraged ETFs (exchange traded funds) are products which utilises financial derivatives such as option contracts, to amplify returns to a particular index. [2] Leveraged ETFs provide both options to long or short for investors to profit from a bearish or a bullish market through inverse leveraged ETFs.