BTC lever ETF
in short, bitcoin ETF tracks the price of bitcoin. If the price of bitcoin ETF goes up, then the price of bitcoin goes up; On the contrary, if the price of bitcoin falls, the price of bitcoin ETF will fall. The difference between bitcoin and bitcoin ETF is that we don't have to worry about the bitcoin in our wallet being stolen by hackers, and we don't have to worry about where our bitcoin should be stored. This is a promotion on the technical level. If we buy bitcoin ETF, we will no longer have to learn how to operate bitcoin on the computer.
for European options, the option holder can only exercise on the expiration date, so the long resial time from the expiration date does not mean that the price of the underlying asset on the expiration date is favorable to the bulls. Therefore, for European options, the impact of resial time on the option price is uncertain.
Leverage ETF is an innovation of traditional ETF. The traditional ETF usually refers to the listed and traded open-end fund that completely passively tracks the target index and pursues the same return as the target index. When the index goes up, the value of ETF goes up. When the index goes down, the value of ETF goes down. After more than ten years of rapid development, the traditional ETF has been widely recognized by the market. With the development of the financial derivatives market, the developed overseas markets began to use stock index futures, swaps and other financial derivatives to achieve the effect of leveraged investment ETF, namely leveraged ETF
but there are leverage index funds
it's better to buy funds from securities companies with low professional fees
welcome to open an account, and prizes
According to the different types of target index, leverage ETF can be divided into Stock Index ETF, style Index ETF, Instry Index ETF, International Index ETF, fixed income ETF, Commodity Index ETF and currency ETF
ETF index funds have become a new favorite for investment, and new ETFs have been continuously launched, including double or triple leverage operation, and two types of long and short, so that investors can flexibly grasp the long short trend and grasp the best investment opportunities with small and broad
after the introction of financial engineering technology, ETF procts are different from the previous issuance patterns. The U.S. has launched leveraged and short ETFs. The former has double or even triple investment effect, while the latter provides investors with another option to short in addition to long
these new ETFs are especially favored by investors. In various markets, investors can make profits by using ETFs. In fact, according to the information provided by Morningstar, an investment research company, the rate of return of technology-based B2B internetholdrs (bhh) from January to early May this year reached 56.52%, and that of ultraqq ProShares (QLD), which is twice as bullish, also reached 27.56%
the portfolio management of leveraged ETF also needs to track and maintain the position of the fund's portfolio securities and derivative financial instruments according to the daily market fluctuation, so as to ensure that the fund can track the multiple of the target index to the maximum extent. Compared with stock index futures and margin trading, leveraged ETF has a lower investment access threshold, whether it is the capital threshold or the professional requirements; Compared with stock index futures instruments, there is no position limit, no need to pay margin, no need to carry out margin management, and the operational risk is lower. The launch of leveraged ETF provides efficient and convenient leverage investment tools for trading investors who pursue leverage investment, investors who are not convenient to use stock index futures or margin trading, and arbitragers. It also pushes the development of China's ETF procts to the highest point of the instry
the biggest advantage of leveraged ETF fund is that investors can enlarge capital leverage and improve the efficiency of capital use without financing from securities companies. But at the same time, we should also pay attention to that leveraged ETF is a high-risk investment tool that can make people go to heaven and hell. In the past year, almost all the best and worst performing ETF funds have been leveraged ETF funds
compared with traditional ETFs, leveraged ETFs have certain leverage attributes. Generally speaking, according to the tracking target of ETF, leveraged ETF can be divided into wide base index (stocks, bonds, currencies), style index, instry index, commodity index or other series of leverage index; According to the size of the lever, it can be divided into 1 times, 1.5 times, 2 times... N times; According to the direction of leverage, there are positive and negative points. It is reported that the first batch of leveraged ETFs authorized by e-fonda are tracking the most representative CSI 300 index in China. The size and direction of leverage may be - 1 times, + 2 times and - 2 times. The launch of its leverage ETF series procts will seize the opportunity of the instry, open up half the sky in alternative procts, consolidate and enhance its market position of tool procts 1) Investment target
leveraged ETF usually pursues that the investment result of the fund on each trading day can reach a certain positive multiple of the daily price performance of the target index before decting expenses, such as 1.5 times, 2 times or even 3 times, but it usually does not pursue to reach the above target more than one trading day. This means that the investment return of more than one trading day will be the composite result of the investment return of each trading day, which will not be exactly the same as the return of the target index in the same period< (2) leveraged ETFs are mainly invested in target index portfolio securities and financial derivatives, and other assets are usually invested in fixed income procts such as treasury bonds and bonds with high credit rating and high liquidity. Taking ProShares series as an example, the securities and financial instruments that can be invested by its leverage ETF are: stock securities, including common stock, preferred stock, depository receipt, convertible bond and warrant; Financial derivatives, including futures contracts, futures options, swap contracts, forward contracts, securities and stock index options, etc; Treasury bonds, bonds and money market instruments; Margin trading, repurchase, etc
(3) investment strategy
in order to achieve the investment goal, fund managers usually use the quantitative method to determine the type, quantity and composition of investment positions. Fund managers are not affected by their own views on market trends and securities prices when investing. They maintain full investment at any time, regardless of market conditions and trends, and do not hold defensive positions when the market falls
recently, long short fund has become a hot spot in the market. As the first reported leveraged ETF fund, huitianfu reported three leveraged ETFs, i.e. the forward two times of CSI 300, the reverse one times of CSI 300 and the reverse two times of CSI 300, which have been accepted recently. This is the first batch of ETF procts containing short leverage in the instry. Obviously, the advent of positive and negative multi leverage ETF will make the A-share market usher in a complete era of coexistence of long and short< The market performance of ETF is also very active. In addition to the Treasury Bond ETF, e-fonda CSI 300 ETF was officially listed on the Shanghai Stock Exchange on Monday. Based on the first day's performance, e-fonda CSI 300 ETF has gained 2% of its net value on the day before listing, and its trading volume on the first day of listing is very active, with a trading volume of 302 million yuan and a turnover rate of 26% on a single day, which is significantly higher than the turnover rate of the previous three CSI 300 ETFs on the first day
affected by the lower threshold of customers, on the same day of this Tuesday, the balance of margin trading of Huatai Bairui CSI 300 ETF reached 3.832 billion yuan, more than five times higher than that of the second ETF, which is one of the most popular double financing varieties in the current A-share market. Zhang Ya, director of Huatai Bairui index investment department, said that compared with the aggressive share of graded funds, it has the advantage of relatively higher leverage to obtain the way of index amplification investment through ETF financing
Chen Aiping, director of the proct development department of Jingshun Great Wall Fund, believes that the breakthrough for Jingshun Great Wall Fund to choose equal weight ETF as strategic index proct is well thought out. The concept of equal weight is relatively easy to understand. The development of strategic index procts in China can be equal weight procts first, and the difficulty of investor ecation is relatively low, It is easier for the market to accept such a proct.