, Columnist
SEC May Regret the Day It Allowed Leveraged ETFs
The securities sound simple enough, but they don't behave quite they way people think they are supposed to behave.
Leveraged ETF returns can confound even the pros.
Photographer: Spencer PlattThis article is for subscribers only.
The only thing better than getting rich slow is getting rich quick.
That bit of truism is all you need to understand the rapid rise in leveraged exchange-traded funds, which were created in 2006 as a way for investors to double their exposure to stock indices. More were created later tied to bonds, commodities, currencies and just about anything else that fund issuers could dream up.