The fund provides 3x daily exposure to a market-value-weighted index of US Treasury Bonds with over 20 years to maturity. TMF was launched on Apr 16, 2009 and is issued by Direxion. Light at the end of the rate-cut tunnel got a little bit brighter after April showed slower job growth.
What is a TMF ETF?
It is a tactical trading tool designed for investors who understand the intricacies of interest-sensitive securities. This ETF is not a buy-and-hold security due to its daily resets and compounding nature. TMF is a relatively straightforward product to understand.
Is tmf a buy-and-hold ETF?
This ETF is not a buy-and-hold security due to its daily resets and compounding nature. TMF is a relatively straightforward product to understand. It holds only long-duration Treasury bonds and uses derivatives to gain leverage in the market. Investors can enhance returns over short time frames through TMF with liquidity.
