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Damian Mark Comment On Regulatory Notice 22-08

Damian Mark
N/A

Dear Sir/Madam:

Leveraged and inverse funds are a vital part of helping me to hedge my portfolio and avoiding constant trading. I use these tools to short the S&P 500 or other indexes when they have become frothy (in my view). These products reduce the volatility and allow me to stay in core positions longer. I use them as short-term hedges and the risks of staying in them too long (decay) are well known. In short, they are an important part of my investor' toolkit.