Daniel Victor

The Best Performing ETF of 2008 Was an IPO

From what I've read,ETFs re-set themselves every day to emulate.double-emulate or triple-emulate the day's rise or fall.In the case of a one-way market,that adds to the gearing if you call the direction right.But what about markets that move up and down? The problem seems to be,we just don't know.That's why I prefer Deutche Bank's ETN's to the proshare ETF's when hedging gold,since they reset themselves less frequently.Even Proshare admit their products are only designed to mimic index movements on a daily basis,,but most of us would prefer more certainty about longer term movements.