I’ll agree with our colleague above, I don’t understand or like these, and think they are indeed very dangerous for anyone who doesn’t understand the risks and has no patience.
On the other hand, who knows, the overarching feeling I have of these “modern” products is that they are sort of “traders for hire”, they are not investments. People do make money trading so perhaps these products offer a service of sorts, participating in risky leveraged trading for a small fee, without being a trader yourself. It’s scalable as the trader (the fund manager) just executes an algorithmic process, it circumvents the risks of options for the individuals buying these products (because their account can go to zero, but not minus). They will have a place, I feel, I just don’t call them investing.
Anyway, don’t understand how they work and won’t have them, probably many will be burnt by these given they are shilled by social media idiots. I feel we here are neither the target audience or at risk.