In a recent Globe Investor entry (October 9, 2009), Donald Dony, principal of D.W. Dony and Associates Inc., a financial advisory firm and author of the Technical Speculator is featured.
He describes his worst move as when he held the Horizon BetaPro S&P/TSX Double-Bear ETF too long in 2008, realizing too late that this leveraged ETF does not track the underlying index very well for periods longer than a day.
If industry experts are confused by leveraged ETFs why don’t securities commissions require better investor protection?
