Home » General World News » ICAHN: The hottest investment products on the market should be regulated

ICAHN: The hottest investment products on the market should be regulated





FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York, U.S. on February 11, 2014.    REUTERS/Brendan McDermid/File Photo

  • Billionaire investor Carl Icahn told CNBC that the selloff in stocks exposed issues with passive investment products.
  • “Passive investing is the bubble right now, and that’s a great danger,” he said.
  • The recent drop in stocks is “just the beginning of rumblings of an earthquake,” he said, adding that it’s fruitless to try and predict the next crash.

Billionaire investor Carl Icahn said Tuesday that the selloff in stocks exposed problems with passive investment vehicles that have become popular with investors.

“You need regulation on this stuff,” Icahn told CNBC about products including exchange-traded funds and notes, that have become read more >>>

Source:: BusinessInsider.Com

Comments are closed.