You Won't Find Vanguard Funds Among 2019's Best-Performing ETFs
- Leveraged Russia fund, RUSL, has gained 80% so far this year
- Non-leveraged products such as TAN and IPO have also climbed
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Being big isn’t everything in the $4 trillion market for exchange-traded products. Smaller managers are ruling the roost this year.
Eight of the 10 best-returning ETPs in 2019 have less than $100 million in assets, and none of them is run by a mega-manager like Vanguard Group or BlackRock Inc., according to data compiled by Bloomberg. But those aren’t the only things they have in common: All also use leverage to juice their returns.