I came across this interesting article on MarketWatch. It shares the proposal of a new ETF. The goal of the fund is:

to give triple the daily return of some mainstream stock indexes. Of course, these leveraged funds would amplify investors’ potential losses as well.

The fund would track many popular U.S benchmarks and possibly add in global reaches in hopes of supersizing the returns in the market. To be more specific if the targeted market was to see a return of 2%, then the ETF would see a 6% return (minus operating costs).

As you can see, it could also be a very risky play.

It will be interesting to see if this ETF actually makes it to the market. With the recent growth in popularity among ETF’s, I’m sure this one would be a hot topic of debate.

Read the full article on MarketWatch.