Reported 12 days ago
Berkshire Hathaway's Class B shares, created by Warren Buffett to deter money managers from splitting the company’s stock, are being packaged into a leveraged exchange-traded fund (ETF) by South Korea's Kiwoom Securities and Tidal Investments. This ETF aims to deliver 200% of Berkshire's daily performance through the use of derivatives, a move that may upset Buffett, who has criticized such financial instruments. While leveraged ETFs cater to day traders seeking quick gains, the popularity of this product remains uncertain, given Buffett's long-term investment philosophy.
Source: YAHOO