MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, August 4, 2009 Fidelity Stops Short of Restricting Leveraged ETFs Leveraged and inverse ETFs continue to draw criticism, though their latest cautioner has not decided to stop selling them altogether. In the Tuesday Fund Track column, the Wall Street Journal's Daisy Maxey points to a warning about leveraged and inverse mutual funds on Fidelity's website. Yet unlike some broker-dealers which have restricted or banned the sale of leveraged ETFs, Fidelity's move appears to have been restricted to a cautionary explanation, at least for now. A Fidelity spokeswoman previously told the WSJ that the firm is "aware of recent regulatory and industry discussion about these products" and they are "carefully following that discussion." Printed from: MFWire.com/story.asp?s=22239 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |