FNGU (NYSEARCA: FNGU) Investors Face Far More Than A 0.95% Fee As Volatility Decay Quietly Destroys Returns

The MicroSectors FANG+ Index 3X Leveraged ETN (NYSEARCA: FNGU), issued by Bank of Montreal, carries an investor fee of roughly 0.95% annualized on notional exposure. That works out to approximately $95 per year for every $10,000 invested, a figure that sounds manageable until the structural costs underneath it are examined. An investor who put $10,000 […] The post FNGU (NYSEARCA: FNGU) Investors Face Far More Than A 0.95% Fee As Volatility Decay Quietly Destroys Returns appeared first on Foreign Policy Journal .