TycoonU is planning to launch a new ETF in the first quarter of 2011, The Tycoon Report reports. The TycoonU Super Shares Inverse Austerity Fund will be traded on the NASDAQ Stock Market. The company is awaiting regulatory approval for the new product. The new leveraged product seeks investment results that correspond to 200% the inverse of the performance of the U.S. Government’s Monetary and Fiscal Budget responsibility.
Click here for the story from The Tycoon Report.