ETF Archive

  • The worst start to a year for global financial markets sparked the biggest weekly outflow of cash from equity mutual funds since September.

    Investors Pull $8.8 Billion From World Equity Funds in 2016 Rout

    The worst start to a year for global financial markets sparked the biggest weekly outflow of cash from equity mutual funds since September.

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  • Japan's central bank, which dominates the domestic bond market, has begun to call the shots in the equity market as well -- to the point where asset managers are looking to design investment funds with the Bank of Japan in mind.

    Japan central bank turns activist investor to revive economy

    Japan's central bank, which dominates the domestic bond market, has begun to call the shots in the equity market as well -- to the point where asset managers are looking to design investment funds with the Bank of Japan in mind.

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  • Stock pickers had a brutal 2015, and there is little wonder why. It's hard to beat the market when you're not on board with the best-performing companies. Such was the fate of mutual fund managers, who again fell short of their benchmarks over the past 12 months.

    Why your mutual fund is probably a loser

    Stock pickers had a brutal 2015, and there is little wonder why. It's hard to beat the market when you're not on board with the best-performing companies. Such was the fate of mutual fund managers, who again fell short of their benchmarks over the past 12 months.

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  • The idea behind asset allocation is simple: when one market struggles, it’s OK because an investor can jump into another that is thriving. Not so in 2015.

    The Year Nothing Worked: Stocks, Bonds, Cash Go Nowhere in 2015

    The idea behind asset allocation is simple: when one market struggles, it’s OK because an investor can jump into another that is thriving. Not so in 2015.

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  • Stocks slumped as crude, the country’s main export, slid to the lowest level since 2004 on signs the global glut will persist. The ruble, the world’s best-performing currency earlier this year, has weakened 6.7 percent this month in the second-biggest retreat among developing-nation currencies.

    Russian Equities Drop Overseas as Oil, Ruble Continue Retreat

    Stocks slumped as crude, the country’s main export, slid to the lowest level since 2004 on signs the global glut will persist. The ruble, the world’s best-performing currency earlier this year, has weakened 6.7 percent this month in the second-biggest retreat among developing-nation currencies.

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  • But instead a wide-range of investors collectively spent about $24 billion over the past 18 months trying–and failing–to call a bottom in oil. Never in the history of exchange-traded funds has one particular category drawn so much money from investors trying to play a rebound. Of course not all of this money is gone (yet), although certainly a lot of it has evaporated along with the price of crude.

    ETF Investors Have Spent $24 Billion Trying to Call a Bottom in Oil

    But instead a wide-range of investors collectively spent about $24 billion over the past 18 months trying–and failing–to call a bottom in oil. Never in the history of exchange-traded funds has one particular category drawn so much money from investors trying to play a rebound. Of course not all of this money is gone (yet), although certainly a lot of it has evaporated along with the price of crude.

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  • “These kinds of ETFs don’t exist now. Using capital spending as a factor in deciding what goes in an ETF is quite unusual,” said Koei Imai, who oversees $25 billion of ETFs at Nikko Asset Management Co. in Tokyo. “I think the message from the BOJ is for us to go out and make them.”

    The Bank of Japan’s $2.5 Billion Plan to Buy Non-Existent ETFs

    “These kinds of ETFs don’t exist now. Using capital spending as a factor in deciding what goes in an ETF is quite unusual,” said Koei Imai, who oversees $25 billion of ETFs at Nikko Asset Management Co. in Tokyo. “I think the message from the BOJ is for us to go out and make them.”

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  • I think what has happened is that our market system and our monetary system have grown so complex over the last hundred years that only the very operators of the system can now profit from the system. And on the rare occasion when it appears that someone OTHER than the operators are profiting, what is actually happening is only "appeasement" in order to keep the system going. The very operators are giving a little bit back, knowing full well that whenever they decide the other participants have been calmed, they can reverse operations and start taking again.

    Why All Paper Will Burn (In plain English)

    I think what has happened is that our market system and our monetary system have grown so complex over the last hundred years that only the very operators of the system can now profit from the system. And on the rare occasion when it appears that someone OTHER than the operators are profiting, what is actually happening is only "appeasement" in order to keep the system going. The very operators are giving a little bit back, knowing full well that whenever they decide the other participants have been calmed, they can reverse operations and start taking again.

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  • The answer surely lies somewhere in between. But which is closer to the truth? To find out, we talked to Garrett, an expert on market systems and high-frequency trading. Having experienced first-hand the problems HFTs can cause, he fits firmly in the “detractor” camp, for reasons you’ll read below. Garrett gave us excellent insight into how HFTs profit, along with tips on how to make sure they don’t profit at your expense. I found this interview highly educational, and I hope you do too. It contains the kind of inside intelligence that separates the informed from the uninformed and allows us as individual investors to understand and adapt to our changing markets.

    Interview With A High-Frequency Trader

    The answer surely lies somewhere in between. But which is closer to the truth? To find out, we talked to Garrett, an expert on market systems and high-frequency trading. Having experienced first-hand the problems HFTs can cause, he fits firmly in the “detractor” camp, for reasons you’ll read below. Garrett gave us excellent insight into how HFTs profit, along with tips on how to make sure they don’t profit at your expense. I found this interview highly educational, and I hope you do too. It contains the kind of inside intelligence that separates the informed from the uninformed and allows us as individual investors to understand and adapt to our changing markets.

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  • Investors can protect their portfolios by purchasing physical bullion. Just as with any large asset purchase, demand documentation that confers legal title to the bullion you are purchasing, review a written custodial agreement that specifies insured, allocated storage without giving the custodian the right to deal with the bullion in any way, and insist on Good Delivery bars.

    Allocated Bullion Storage: Do You Really Own the Bullion?

    Investors can protect their portfolios by purchasing physical bullion. Just as with any large asset purchase, demand documentation that confers legal title to the bullion you are purchasing, review a written custodial agreement that specifies insured, allocated storage without giving the custodian the right to deal with the bullion in any way, and insist on Good Delivery bars.

    Continue Reading...