Multiplier effect24 Jul 2020 18:42
So finished 26.5 last Friday VILX 0.72 26.5 this Friday 0.66.... explanation -Holding this product for more than one day is likely to result in a return which is different to 2.25 times the return of the Benchmark over that holding period. This difference, called the ''Compounding Effect'', is caused by the product's daily leverage rebalancing, and is magnified by more leverage and longer holding periods. Compounding may have a positive or negative impact on the product's return, but tends to have a negative impact the higher the volatility of the Benchmark. You may trade this product on various stock exchanges at your own discretion. You may lose the full value of your initial investment, but you will not lose more than your initial investment. Be advised, the Benchmark tracks VIX futures contracts which can be expected to perform very differently from the “VIX” (CBOE Volatility Index). - So we will win bigger if this rises day on day... I think this is in for a majority of days as risers from now until the US election - we should win biggly here...