The Costs of Synthetic Leverage in Single-Stock Leveraged ETFs: Theory and Evidence
Single-stock leveraged ETFs incur excess financing costs averaging 6.2% annually through total-return swaps, fully passed to investors and substantially larger than disclosed expense ratios.
Featured in No. 135 on 16 Oct 2026 · 3 days after release
- Released
- 13 Oct 2026
- First featured
- No. 135 · 16 Oct 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 3 of 5
- Identifier
- SSRN 7603998
- Authors
- Jinming Xue et al.
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