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My interpretation is that the certificate tracks the spreads of the assets it holds—which makes sense, because otherwise arbitrage would be possible.
Krush's Global Momentum apparently holds stocks with a higher spread than the 3xGTAA does with its ETFs.
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@Epi In other words, I have to decide whether these stocks are worth it to me,
or wait
until there’s a market shift, in the hope that the price will go down.
That’s too bad.
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@Farqual Well, first, the spread mentioned is lower than the daily volatility, and second, you can also buy the shares held in the certificate on your own—at times when the spread is lower.
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