Don't know anything about this fund but leveraged US banks ETF (which would probably be bailed out if things go south) has done me well. Safe bet is Warren Buffets' advice to heirs 90% in S&P 500 index ETF/10% in short-term govt bonds or for a little more risk leveraged 2x or 3x S&P 500 index ETFs. If you can stomach the volatility gold miners and oil are at all-time lows.
Why didn't I buy more oil yesterday? Went up 12.89% today.
historical background on ETFs:
http://www.bloomberg.com/features/2016-etf-files/Yet, as Most and Bloom were discovering at AMEX in 1988, the SEC had essentially requested the ETF’s very creation. “The theory presented was that it would be possible to create baskets of key stocks available for sale,” says David Ruder, a professor of law at Northwestern University who was SEC chairman from 1987 to 1989. “Those baskets would then be able to be sold without causing the whole market to collapse.” It was just a suggestion, Ruder says, and one the SEC didn’t expect anybody to act on. Bloom remembers another detail he and Most latched onto: He recalls the SEC indicating that if someone wanted to engineer such a product, the agency might grant approval quickly.
The AMEX team dropped everything else and dove in. “We were essentially reverse-engineering what the SEC called for in their report,” Bloom says. “We viewed it as a product proposal being made by the regulators.”
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