This paper examines the performance of investment strategies involving leveraged and inverse leveraged ETF pairs. As in Jiang and Peterburgsky's (2017) simulation analysis, the empirical analysis in this paper indicates that simple portfolios of bull/bear short positions constructed to...

Although the Exchange Traded Fund (ETF) business has grown in popularity with investors over the last decade, it remains a shadowy sector with certain technicalities. This research piece will discuss the origins of this notion and its subsequent trends by explaining its primary characteristics...