Elliot Noma, a commodity trading adviser (CTA) at Garrett Asset Management in New York, believes he has solved a persistent problem with certain exchange-traded funds (ETFs). Noma was awarded a patent for his solution last year and is now seeking a partner to help launch it, he says.
Investors who hold leveraged ETFs for more than a day can face an unpleasant surprise when they check their statements: in volatile markets, their ETFs may no longer accurately track the underlying indexes. What is
The week on Risk.net, July 7-13, 2018Receive this by email