How do 3x funds work?
Can you explain in simple terms how 3x funds operate? Are they a type of Leveraged investment product? How do they aim to generate higher returns compared to traditional funds? What are the potential risks associated with investing in 3x funds? How do they manage to amplify the returns of the underlying asset, and what factors can impact their performance? Is it advisable for beginners to invest in 3x funds, or are they more suitable for experienced investors?