As leveraged exchange-traded funds draw growing scrutiny, JPMorgan Chase CEO Jamie Dimon is pointing to a broader risk across markets.
“Market leverage is pretty high,” Dimon told CNBC in an interview aired on Wednesday.
“When you have that, you do have a higher chance that something will disrupt the market in a quick way and people will get rattled over it,” he said.
Dimon made the comments after being asked about the proliferation of leveraged single-stock ETFs that have drawn renewed attention in recent weeks.
While Dimon said leveraged ETFs were not his primary concern, he pointed instead to broader market leverage.
“Margin debt is the…
