Bearish on Big Tech? There's an ETF for That

The video tutorial discusses Rex Shares' micro sectors products, focusing on exchange-traded notes (ETNs) that provide exposure to the NYSE Fang Plus index. It covers leveraged and inverse notes tied to ten major tech companies, including Facebook, Amazon, and Tesla. The tutorial highlights the three times inverse leveraged ETN, known as EFFED, which uses derivatives to achieve its performance. Despite trailing the index since its launch in 2018, the ETN is not recommended for buy-and-hold strategies due to its high expense ratio and daily resetting. Bloomberg Intelligence advises caution due to the heavy leverage involved.

Discuss the performance of the bank in relation to the index since its launch.

What warning does Bloomberg Intelligence provide regarding the leveraged notes?