I have made a great deal of money over the years investing in leveraged funds. -- I regard them as an excellent long term investment vehicle. As one example, the TQQQ ETF fund from Proshares, has had an average annual return of 40% over the last 10 years! So long as there are adequate risk disclosures, and there already are such disclosures, I feel strongly that any investor should have the right to invest in leveraged ETF's.
James Johnston Comment On Regulatory Notice 22-08
I have made a great deal of money over the years investing in leveraged funds. -- I regard them as an excellent long term investment vehicle. As one example, the TQQQ ETF fund from Proshares, has had an average annual return of 40% over the last 10 years! So long as there are adequate risk disclosures, and there already are such disclosures, I feel strongly that any investor should have the right to invest in leveraged ETF's.