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Bill Hannigan Comment On Regulatory Notice 22-08

Bill Hannigan
N/A

Comments: Active investors are fully aware of the advantages and disadvantages of the instruments they invest in - most seek advice or read up on how they function. Exchange Traded Funds (ETFs) are by no means, whether regular or inverse, complicated in how they move with the indices or stocks they hold. The calculation of leveraged funds is complex; however, investors fully understand how they move with the underlying markets. Regulation might assist in protection from the asset's value being disproportionate to market moves. In other words, a gold leveraged fund should not be able to be insolvent from a significant price move. Also, it would be great if it was easy to compare the cost of investing in these instruments.