Proshares, the company that initially brought us several 2X daily return ETFs, is launching 16 new ETFs that will now return 3 times the daily return of the underlying indices. (etfbase.com)
ProFunds and Direxion are two of the largest leveraged fund providers with many of their offerings designed to produce as much as three times the daily returns of their underlying index. (mutualfunds.com)
Be cautious with ETNs — while they have the advantage of potentially delivering exactly the return of the underlying index with no tracking error, we think the credit risk is not worth shouldering, since similar products are generally available in a non-ETN structure. (tradinginsights.schwab.acsitefactory.com)