Summary: Exchange-traded funds set up to profit from a Wall Street doomsday are facing their own sort of apocalypse.

Black-Swan ETFs (CYA, TAIL) See Losses as US Economy, Markets Prove Resilient

Source: Denitsa Tsekova - 1970-01-01T00:00:00Z

0 UP DOWN

Black-Swan ETFs Are Facing Their Own Doomsday After a 99% Plunge

  • Stock rebound deals hit to funds set up to profit on calamity
  • Big losses pile up as economy, markets defy once-dour outlook

Exchange-traded funds set up to profit from a Wall Street doomsday are facing their own sort of apocalypse.

The surprisingly resilient US economy and record-setting stock market have delivered massive losses to a breed of ETFs designed to withstand so-called Black Swan events — or unexpected calamities, like the 2008 credit crash, that drive markets into a tailspin.