Editor's Note: Prosbus, thanks for your first 2 corrections - they have been implemented into the article. However, you seem to be mistaken on UXI. According to ETF Connect (www.etfconnect.com/sel...), an excellent source of ETF and CEF data:
"The Fund seeks daily investment results before fees and expenses that correspond to twice the daily performance of the Dow Jones U.S. Industrials Index."
So it does appear to track the specific index referred to and not just the Industrials sector.
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Editor's Note: Prosbus, thanks for your first 2 corrections - they have been implemented into the article. However, you seem to be mistaken on UXI. According to ETF Connect (www.etfconnect.com/sel...), an excellent source of ETF and CEF data:
Apr 08 12:49 pm
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All Comments by SA Editor Jonathan Liss »How Now, Charles Dow? [View article]
"The Fund seeks daily investment results before fees and expenses that correspond to twice the daily performance of the Dow Jones U.S. Industrials Index."
So it does appear to track the specific index referred to and not just the Industrials sector.