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ETF Triangles For DIY Hedging
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| How you can create triangles of 3 ETFs that provide Do-It-Yourself hedging positions |
6/29/2009 |
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What's your ETF Gullibility IQ?
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| IndexIQ should forget about hedge fund regulation and focus on their
shareholders |
4/07/2009 |
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Fund Trustees Helpless As Advisors Raise Fees
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| Trustees unable to prevent elimination of voluntary expense caps while breakpoints lead to an increased fee rate in this extreme bear market |
3/20/2009 |
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Fund Redemptions Get Serious
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| Mutual fund redemptions are exerting downward pressure on today's equity prices in a process that began years ago |
3/10/2009 |
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ETFs Say Market Rebound In May
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| If the stock market is dying wouldn't we notice trauma in the creation of ETF shares? |
3/4/2009 |
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Most Profitable Mutual Funds Ever
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| Largest advisory fees ever collected by mutual fund managers |
2/20/2009 |
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Small Funds Death Watch
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| Small manager mutual fund assets are now half of what they were compared to ETFs a year ago |
2/6/2009 |
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6 Fat-Tail Index ETFs That Whipped Mutual Funds in 2008
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| Innovation in ETFs have allowed them to deliver the highest returns available |
1/28/2009 |
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Fund Lawyers, Trustees and Money, Oh My!
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| What happened to fund governance during Andrew Donohue's watch at the SEC |
1/28/2009 |
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How have the 10 Largest Stock Funds Done?
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| The top 10 funds today will become next decade's losers, not because they're big, but because they're expensive. |
1/25/2009 |
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JPMorgan's Bizarre Potshot, Federated Will Have Last Laugh
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| JPMorgan pretends it doesn't understand asset management business and downgrades Federated Investments |
12/22/2008 |
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Spy Class of 1993 Success Story
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| Fifteen years ago, in 1993, S&P Deposity Receipts (AMEX: SPY) went up against a who's who of fund heavyweights: Fidelity Magellan, Legg Mason Partners Fundamental Value, MFS Growth Stock, Oppenheimer Equity, Putnam Investors, T.Rowe Price Blue Chip Growth and 57 others. It slew them.
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12/5/2008 |
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Mutual Fund Companies Thanksful for the $1 Trillion
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| In the late 1990s, you started saving through mutual funds. So did everyone else. Ten years later, the fund industry is collecting $70 billion a year, in fees, on the same 50 million households. Should you ever attend an Investment Company Institute (ICI) conference, the trade group for the industry, the phrase, 'fat, dumb and happy' might cross your mind.
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11/21/2008 |
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Fed To Reserve Funds: Drop Dead
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| When Lehman told the SEC and Fed it was going under, the government must have known about the soon-to-be-worthless Lehman paper. When tens of billions of dollars began leaving the Reserve fund, either immediately after, or just before, everyone must have known the smaller shareholders would suffer.
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11/6/2008 |
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ETFs for CEOs
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| No longer are stocks valued based on expected earnings, years-out. Whatever earnings are expected, even if they arrive, are sucked dry by CEO compensation, preferred shares payouts to private equity funds, and management year-end bonuses.
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10/31/2008 |
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Grim Reaper Tells Government, 'Step Aside'
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| The story is backwards. The question isn't what will happen to the economy if the investment banks fail. The question is what will happen to the investment banks if the economy sails on.
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10/24/2008 |
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EEM: Where the Hard Assets Are
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| With much of the American markets closed for nationalization it seems many people may look for investments in capitalist markets like China.
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10/8/2008 |
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Ignoring SKF Tipping-Point, SEC Slams Free Market
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| In nine short months, investors rushed $3.3 billion into UltraShort Financials ProShares (AMEX: SKF). Any reader of the best-selling non-fiction book The Tipping Point would have come to a natural conclusion. Investors saw trouble.
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9/29/2008 |
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XLF: One Billion Dollar Poker
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| On September 9th, about $815 million, or about 10% of Select Sector Financial ETF (AMEX: XLF) shares were redeemed. But the order didn’t hit the market until September 11th. On the 11th and 12th XLF rose. Another order was placed for $500 million. The next day another $800 million in shares were created. That order cleared on the 16th. In the days between placing their order and settling, XLF lost 12% of its value. To some people, it may not have mattered.
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9/19/2008 |
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Playing the Productivity Plunge with ETFs
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| Why are we obsessed with credit, debt and interest rates? If your car dies you don’t check the speedometer, you take apart the engine. We need to examine the root causes of economic growth over the past few decades.
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9/12/2008 |
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Are ETFs Killing Retail Mutual Funds?
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| Most people I talk to in the fund industry believe small mutual fund companies will find it difficult to survive. Instead of large mutual fund families like Fidelity and American Funds, it may be the ETFs that kill them.
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4/22/2008 |
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