MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ)

The MicroSectors FANG+ Index -3X Inverse Leveraged ETN, with the ticker symbol BERZ, is an exchange-traded note that seeks to provide investors with inverse exposure to the NYSE FANG+ Index. The FANG+ Index includes the five most actively traded technology and internet-related companies, including Facebook, Apple, Amazon, Netflix, and Google, as well as other innovative companies in the technology and internet-related sectors.

BERZ is designed to provide -3x inverse leverage to the daily performance of the FANG+ Index. This means that if the FANG+ Index declines by 1%, the value of BERZ is expected to increase by 3%. However, it's important to note that BERZ is designed to provide inverse leverage on a daily basis, which means that its performance can diverge significantly from the FANG+ Index over longer periods of time.

Investing in BERZ can provide investors with a way to potentially profit from a decline in the FANG+ Index. However, it's important to keep in mind that investing in BERZ carries certain risks, including the potential for market fluctuations, the possibility of losses, and the risks associated with investing in leveraged and inverse products.