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What does 'leveraged' mean?

Leveraged products aim to return a multiple of the index they return. For example a 200% leveraged ETP aims to return double the performance of an index. Leveraged ETPs are normally intended to be held for a short period of time, often less than 24 hours. Over the longer term, leveraged returns can vary significantly from the index. Leveraged ETPs are complex investments and most are generally only suitable for sophisticated investors.

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