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Danielle Balbi
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Traders work on the floor of the New York Stock Exchange at the opening bell on Jan. 25, 2022.
While meme-stock madness and crypto chaos grab the headlines, a breed of investment that has starred in almost every recent market meltdown has been quietly making a comeback: leveraged exchange-traded funds and notes.
One expert likened such investment vehicles to reaching into a “drawer full of razor blades.” But an army of pandemic-era retail investors are so far undeterred from powering a boom in the space.
So why are amateurs drawn to these risky investments? Put simply: They offer the chance to reap big returns — quickly.
The Big Take
From today's story
- $128 billion The amount of global assets in leveraged and inverse vehicles at the end of 2021.
- Russia’s invasion of Ukraine carries huge risks for a world economy that has yet to fully recover from the pandemic shock.
- Even as Europe plunges deeper into an energy crisis, some nations are still shutting down nuclear power reactors.
- Don’t expect omicron to be the last variant we have to contend with — and don’t let your guard down just yet.
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