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Are Leveraged Index Funds A Good Idea?BMO REX MicroSectors FANG+ Index 3X Leveraged ETN chart. This market's chart. This is a visual representation of the price action in the market, over a certain. An investment in the MicroSectors� FANG+� Index 3X Leveraged Exchange Traded Notes (+3X ETNs) involves risks. Selected risks are summarized here, but we urge. The index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded.