Economics
Oil ‘Roller Coaster’ Spurs a Rush for Young Investors
- VelocityShares crude ETN’s turnover ratio beats S&P 500 ETFs
- Millennials buy the risk despite warnings of investing experts
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Chris Santos likes a little spice in his investing life.
That’s why the 26-year-old Toronto man trades Credit Suisse Group AG’s VelocityShares 3x Long Crude ETN, which offers returns equal to three times the move of the S&P GSCI Crude Oil Index for each day. It’s allowed him to leverage the volatility of the fast-moving oil market in a year in which prices have flipped five times between bear and bull markets as investors weighed how quickly a global supply glut might ease.