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Tuesday, November 19, 2013|
Rekenthaler Proclaims the Oddest ETF
Mirror, mirror on the wall, which is the oddest ETF of them all?
Well, according to Morningstar columnist John Rekenthaler, the two finalists were the Winklevoss Bitcoin Trust and the ProShares Ultra VIX Short-Term Futures ETF.
Rekenthaler had this to write about the two:
At the end, the title narrowly goes to the ProShares product, because, in part, it is based on "a derivative of a derivative of a derivative," according to Rekenthaler.
Read more in the column, including an incredibly effective comparison to Donald Trump's hair, here.
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