I think it's extremely important that professional advisors have the ability to work with or against the general market directions from the standpoint of hedging client portfolios, and these funds are the easiest and most efficient ways to implement these hedges. For example if the markets are down 15% this year and a hedge with this type of fund means only -8% loss for clients then they are very critical tool that should not be taken away.
Jonathan Leman Comment On Regulatory Notice 22-08
I think it's extremely important that professional advisors have the ability to work with or against the general market directions from the standpoint of hedging client portfolios, and these funds are the easiest and most efficient ways to implement these hedges. For example if the markets are down 15% this year and a hedge with this type of fund means only -8% loss for clients then they are very critical tool that should not be taken away.