Fidelity Investments also warns about leveraged ETFs

Fidelity Investments joined a growing number of U.S. financial companies in alerting customers about risks presented by leveraged exchange-traded funds. "Leveraged products are complex, carry substantial risk and are intended for short-term trading," the mutual fund company said in a statement posted on its Web site. Some brokers are restricting sales of leveraged and inverse ETFs or rejecting orders altogether.

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