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Wells Fargo halts sales of leveraged and inverse ETFs
Thursday, August 27th, 2009 | Economics |
The other week I mentioned the dangers of investing in inverse ETFs and leveraged ETFs. Now Wells Fargo Advisors is “no longer permitting its advisers to sell leveraged and inverse exchange-traded funds through advisory accounts.” Link.
According to Minyanville other investment firms are either cutting back on activity surrounding those investment vehicles or eliminating them entirely.
1 Comment to Wells Fargo halts sales of leveraged and inverse ETFs
[...] avoid leveraged and inverse ETFs, which are intraday plays for traders, not long-term investors. If the name mentions 2x or 3x [...]
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September 24, 2009