Identify Alternative Investments
Series 65 · Flashcards · Application
SERIES 65 · FLASHCARDS
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QUESTION
If an index falls $3%$ in a day, what is a
3
x
3x
3
x
leveraged fund's target return for that day?
QUESTION
If an index rises $1%$ in a day, what is a
−
2
x
-2x
−
2
x
inverse fund's target return for that day?
QUESTION
If an index falls $3%$ in a day, what is a
3
x
3x
3
x
leveraged fund's target return for that day?
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ANSWER
−
9
-9%
−
9
. A
3
x
3x
3
x
leveraged fund aims for three times the index return, resulting in
−
9
-9%
−
9
for a
−
3
-3%
−
3
decline.
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