Leveraged ETF risks are overstated, says HK veteran
As Hong Kong's securities regulator softens its stance on leveraged funds, Citi's Stewart Aldcroft dismisses concerns that they are unsuitable for local retail investors.
Fears that leveraged and inverse (L&I) exchange-traded funds put Hong Kong investors’ capital at undue risk are unfounded, said Stewart Aldcroft, senior adviser in Citi’s investor services division.
The city’s Securities and Futures Commission (SFC) now appears comfortable with the products, having approved a raft of ETFs linked to Hong Kong stocks and H-shares, which listed on March 14. It had initially prohibited listings based on China and Hong Kong underlyings when it allo…
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