Leveraged funds are a vital part of my overall strategy. They are a small portion of my portfolio but they allow me a convenient vehicle to hedge short term risk, especially when I expect downward corrections. On rare occasions I have used them to enhance returns when strong uptrends are in place. Restricting these investments is unnecessary in a free market system and I urge you to keep these available to investors of all kinds.
Michael London Comment On Regulatory Notice 22-08
Leveraged funds are a vital part of my overall strategy. They are a small portion of my portfolio but they allow me a convenient vehicle to hedge short term risk, especially when I expect downward corrections. On rare occasions I have used them to enhance returns when strong uptrends are in place. Restricting these investments is unnecessary in a free market system and I urge you to keep these available to investors of all kinds.