I use levered and inverse funds on a regular basis in my portfolios. They are easy to understand and are a critical tool in managing my portfolio risk. I am retired and not interested in taking on risk that could result in a large drawdown. These tools help me reduce risk, they do not elevate my risk. My alternative would be utilizing options, which are more levered and risky that levered and inverse ETFs. Please do not make it more difficult for me to manage my financial future by reducing access, or complicating my ability to utilize these tools.
Paul Caruso Comment On Regulatory Notice 22-08
I use levered and inverse funds on a regular basis in my portfolios. They are easy to understand and are a critical tool in managing my portfolio risk. I am retired and not interested in taking on risk that could result in a large drawdown. These tools help me reduce risk, they do not elevate my risk. My alternative would be utilizing options, which are more levered and risky that levered and inverse ETFs. Please do not make it more difficult for me to manage my financial future by reducing access, or complicating my ability to utilize these tools.