Dear Sir/Madam: I am an active investor and trade in global capital markets. In my view leveraged and inverse mutual funds and ETFs are extremely important investment vehicles available to investors today. Such ETFs that provide leveraged and inverse exposure to various markets give prudent investors the ability to hedge risk in their portfolios and potentially achieve better results. So FINRA and SEC should encourage the growth of this industry and ensure that companies offering leveraged and inverse ETFs provide high quality products that fulfill their stated performance mandates on a daily basis. [Example: Any 3X leveraged ETF that has a mandate to provide 3X the daily performance of the S&P500 should definitely increase its NAV by exactly 3% on any day when the S&P500 goes up by 1% and so on]. Thank you, AL
Al Lucre Comment On Regulatory Notice 22-08
Dear Sir/Madam: I am an active investor and trade in global capital markets. In my view leveraged and inverse mutual funds and ETFs are extremely important investment vehicles available to investors today. Such ETFs that provide leveraged and inverse exposure to various markets give prudent investors the ability to hedge risk in their portfolios and potentially achieve better results. So FINRA and SEC should encourage the growth of this industry and ensure that companies offering leveraged and inverse ETFs provide high quality products that fulfill their stated performance mandates on a daily basis. [Example: Any 3X leveraged ETF that has a mandate to provide 3X the daily performance of the S&P500 should definitely increase its NAV by exactly 3% on any day when the S&P500 goes up by 1% and so on]. Thank you, AL