“Wall Street has pushed out 23 new exchange traded funds this year that promise to double or triple the positive or negative daily return of an index, according to a new report by State Street Global Advisors. Eight of those funds were launched in the last month. Overall, there are 153 ETFs that use leverage, compared with just 13 that track broad indexes and 29 that track global stocks,” David Randall Reports From Forbes.

Randall goes on to say, “For most investors, it’s much easier to find an ETF that would turn your portfolio into a daily casino than one that makes any long-term sense. Investors that don’t buy leveraged and inverse ETFs may still see their effects in their personal portfolios: Leveraged and inverse ETFs may lead to a more volatile market, studies have shown.”

“Beyond leverage, what else do ETFs investors like now? The funds with the greatest net inflows were the SPDR Gold Shares fund (NYSE:GLD)(which added about $1 billion in April), the Energy Sector SPDR (NYSE:XLE)(which added $564 million), and the SPDR Dow Jones Industrial Average (NYSE:DIA)(which added $335 million.) Sectors with the greatest sell-offs included the health, technology and consumer staples sectors,” Randall Reports.

See more to the story: HERE

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