Next year, investors could see growth in these four sectors, Aaron Dunn, portfolio manager at Morgan Stanley, told Yahoo Finance.
GraniteShares plans to increase the amount of leverage on most of its single-stock exchange-traded funds (ETFs) to 200%, allowing investors to make bigger bets on daily movements in a handful of widely traded stocks, a Thursday filing with the Securities and Exchange Commission showed. In the filing, GraniteShares said the move, which will include leverage boosts of 0.25 to 0.50 percentage points on ETFs targeting particularly volatile stocks like Tesla and Nvidia, will become effective January 22, 2024. The ETFs currently feature leverage levels ranging from 1.25x to 1.75x, meaning that the issuer has structured the funds to deliver between 125% and 175% of the daily underlying share price move in stocks like Tesla, Meta and Coinbase.
These companies are on track to deliver robust long-term growth and give investors' retirement portfolios a nice boost.