Covid dividends cuts push retail traders into leveraged ETFs in hunt for income

Dividend cuts seen across the FTSE 100 and FTSE 250 in response to the impact of the coronavirus pandemic has pushed greater numbers of retail investors into leveraged ETF strategies to replace the lost income.

Analysis by ETF provider GraniteShares found that 35 blue chips and 85 FTSE 250 companies have either cut their most recent dividend, or plan to cut or reduce the next one. This decline in dividends...