About LevFunds Research

LevFunds Research is a data-first analytics service covering the leveraged & inverse ETF market — its size, composition, trading activity, and the mechanical rebalancing that increasingly shapes equity-market behavior.

LevFunds Research is produced by Asym Research, an independent research firm focused on equity-derivatives and fund markets, and is overseen by Asym Research founder Rocky Fishman. It applies the same data and methods behind Asym Research's institutional work to a single question that has become central to market structure: how big are these funds, and what do they have to trade?

Why leveraged & inverse ETFs matter

Leveraged and inverse ETFs must rebalance toward the close of every session to maintain their stated multiple — buying as their underlying rises and selling as it falls. As the category has hundreds of billions of dollars of gross equity exposure globally, that mechanical activity has become a recognized technical force, watched alongside CTAs and volatility-control strategies during turbulent markets.

“Large leveraged ETFs can make already fast-moving stocks move faster by buying shares when the stocks are rising and selling when they are falling.”
— Rocky Fishman, founder of Asym Research, quoted in Bloomberg

What we publish

• Fund Tracker — charts on AUM, leverage, underlying exposure, trading volumes, and estimated end-of-day rebalancing flow.
• 10 Things to Know About Leveraged & Inverse ETFs — our primer on how these products work and where their market impact actually sits.

Independence & disclosure

LevFunds Research is analytics and market commentary, not investment advice, and does not constitute a recommendation to buy or sell any security. See our Terms & Conditions for details.

Questions? Email subscriptions@asymresearch.com.