The Best-Performing ETF of All Time Is on a 49,310% Run
How could this possibly be the case?
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Welcome to ETF IQ, a weekly newsletter dedicated to the $17 trillion global ETF industry. I’m Bloomberg News reporter and anchor Katie Greifeld.
Usually this newsletter saves Drill Down from Bloomberg Television’s ETF IQ for the bottom, but this week’s stat is so interesting that I made to executive decision to lead with it instead. We chatted with Direxion’s Chief Executive Officer Douglas Yones this week about the $4.3 billion Direxion Daily Technology Bull 3X Shares (ticker TECL), which tracks three times the daily performance of the tech sector.