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Robots Are Coming For Investors In New Three-Times Leveraged ETF: (UBOT)

TedTed
in The Bullpen
FYI: Just when you think an investing idea has reached its saturation point, a new exchange-traded fund comes along that tries to take it to new heights -- literally.

In this case it’s robots. Direxion, a $13.6 billion money manager, is starting an ETF that seeks to use leverage to deliver three times the daily performance of a robotics and artificial intelligence index, the company said in a release on Thursday.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-04-19/robots-are-coming-for-investors-in-new-three-times-leveraged-etf?srnd=etfcenter
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