which equates to the number days left until maturity of the current 91 day t-bill I believe? So are we talking about a small drag on a small slice of the fund?
The mis conception about long-term versus daily would seem to be much more important. Just my take.
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which equates to the number days left until maturity of the current 91 day t-bill I believe? So are we talking about a small drag on a small slice of the fund?
May 17 11:55 am
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All Comments by Roger Nusbaum »The Case Against Leveraged ETFs [View article]
The mis conception about long-term versus daily would seem to be much more important. Just my take.