Rekenthaler Proclaims the Oddest ETF
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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:

It's an inspired duo. I'll go one step further. These are the industry's strangest funds, period. Not just for their risk factors, but also for their investment complexity and for the wackiness of their performance. 

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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