Steven Lamb Comment On Regulatory Notice 22-08
Leveraged ETFs provide a valuable benefit to shareholders of all kinds. They generally allow exposure to go long or short an index and magnify that exposure, without the use of complex options which can quickly destroy a portfolio just by the passage of time. I personally use these leveraged ETFs to take advantage of making trading profits such that I not dependent on a buy and hold strategy or for market indexes to make a comeback (just ask investors in Japan how long a market index can stay down for - 25+ years in Japan).