Meet the 'YINN' & 'YANG' of the ETF World

The video tutorial discusses the Direxion daily Footsie China bear and bull ETFs, known as YEN and Yang. These ETFs are tied to the Footsie China 50 Index and offer leveraged exposure, aiming for three times the daily return or inverse. Leveraged ETFs reset daily, making them suitable for short-term trading rather than long-term investments. YEN and Yang have significant assets and expense ratios, but carry risks like leverage and volatility drag. Bloomberg Intelligence warns about these risks, highlighting the potential for quick losses.

Why are leveraged ETFs considered better short-term trading tools rather than long-term investments?

What risks are associated with leveraged ETFs as mentioned in the text?