Buffett’s Berkshire Is Being Packaged Into a Leveraged ETF
- Berkshire ETF would use swaps to magnify potential returns
- South Korean brokerage teaming up with US firm to launch ETF
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Warren Buffett created Berkshire Hathaway Inc.’s Class B shares almost 30 years ago to stymie money managers who sought to split the high-priced conglomerate’s stock.
One of South Korea’s largest retail brokerages now plans to package the Class B shares into an exchange-traded fund turbocharged with derivatives, another move that Buffett might not like.