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Author
Miziołek Tomasz (Uniwersytet Łódzki)
Title
Lewarowane i odwrotne fundusze ETF
Leveraged and Inverse Exchange-Traded Funds
Source
Annales Universitatis Mariae Curie-Skłodowska. Sectio H. Oeconomia, 2012, vol. 46, nr 1, s. 295-305, tab.
Keyword
Rynki finansowe, Fundusze inwestycyjne, Giełda papierów wartościowych
Financial markets, Investment funds, Stock market
Note
summ.
Abstract
Celem niniejszego artykułu jest zaprezentowanie podstawowych cech lewarowanych i odwrotnych funduszy ETF oraz przedstawienie obecnego stanu tego segmentu rynku finansowego. (fragment tekstu)

Leveraged ETFs and inverse ETFs are special types of exchange-traded funds, which aim to replicate leveraged and short indexes. Leveraged index goes in the direction of the underlying index, but its daily changes are magnified in relation to the underlying index (usually two or three times). The short index acts contrary (but the same scale) with respect to the underlying index, so these ETFs allow one to achieve positive rate of return during the downturn in the market. The first leveraged ETF was launched in February 2005 and the first inverse ETF was launched in June 2006. At present these types of ETFs are niche products in the ETF/ETP market. Although there are more than 550 of these financial instruments, their total assets constitute only 3% of ETF/ETP global market (as of the end of Q1 2011). (original abstract)
Accessibility
The Main Library of the Cracow University of Economics
The Library of Warsaw School of Economics
The Library of University of Economics in Katowice
The Main Library of Poznań University of Economics and Business
The Main Library of the Wroclaw University of Economics
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ISSN
0459-9586
Language
pol
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