31.07.2009 - ETF blowup continues
From FT Alphaville: UBS’s decision to suspend purchases of its leveraged and inverse ETFs on Monday came, we understand, largely on the advice of industry regulator Finra who in June stated : A good demonstration of the industry’s heightened diversification came in June with Pimco’s launch of an ETF offer set to give “retail” investors the chance to invest in a slice of the bond-giant’s mutual fund profits.........Full Article: Source continues/
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