In times of extreme volatility, leveraged funds serve an important function in the management of my retirement assets. They do not consume many dollars, yet because of their enhanced status protect the downside of my non-leveraged funds. Were they to be restricted or disallowed, I would be forced to completely exit the market, and my retirement accounts would soon be rendered useless, ravaged by inflation.
Michael Dew Comment On Regulatory Notice 22-08
In times of extreme volatility, leveraged funds serve an important function in the management of my retirement assets. They do not consume many dollars, yet because of their enhanced status protect the downside of my non-leveraged funds. Were they to be restricted or disallowed, I would be forced to completely exit the market, and my retirement accounts would soon be rendered useless, ravaged by inflation.