Kium Securities and Tidal Investments are working to package Berkshire Hathaway's Class B shares (BRK-B) into a leveraged ETF, according to a regulatory filing.
THOR Financial Technologies Chief Investment Officer Brad Ross speaks brad smith This week's ETF report
“These leveraged products only work in the short term of a few days, right? So if you're a long-term investor and you're looking to double your return on Berkshire, in reality, this is not what you're expecting. You’re not getting double the revenue, you’re only making double the profit per day,” Ross says. “I don't see this getting a lot of demand from day traders or people who are serious about speculating in the markets.”
See Yahoo Finance's explanation of the difference between Berkshire Hathaway's Class A shares (BRK-A) and Class B shares (BRK-B).
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This post was written by luke carberry morgan.
