ARKK & KWEB have imposter leveraged ETFs on the way from AXS Investments

Aksana Kavaleuskaya/iStock via Getty Images

• Popular exchange traded funds ARK Innovation ETF (NYSEARCA:ARKK) and KraneShares CSI China Internet ETF (NYSEARCA:KWEB) have imposter leveraged funds filed for by AXS Investments.
• The two ETFs filed for with the U.S. Securities and Exchange Commission are the AXS 2X Innovation ETF (TARK) and AXS Short China Internet ETF (SWEB).
• TARK is a leveraged exchange traded fund that aims to provide investors two times the performance of the ARK Innovation ETF.
• On the other hand, SWEB seeks to track an investment objective that is inverse to the performance of the KraneShares CSI China Internet ETF.
• Both ARKK and KWEB have become popular investment vehicles for investors as many individuals have polarizing views of both.
• ARKK has come crashing down from its all-time trading highs, and TARK will offer investors a bullish angle for contrarian investors who believe the innovative fund is oversold.
• KWEB has also come crashing down, and the inverse fund SWEB can provide an opportunity to play the other side.
• Year-to-date price action: ARKK -26.2% and KWEB -1.7%.
• AXS Investments is not the first issuer to capitalize on a copycat ETF of ARKK or KWEB. The Tuttle Capital Short Innovation ETF (NASDAQ:SARK) is a fund for investors that provides a contrarian viewpoint to the popular ARKK.