From Keystone to China
Craig Pirrong to discuss risks in global energy markets at 2013 Investment Innovation Conference.
- October 9, 2013 September 13, 2019
- 14:45
Craig Pirrong to discuss risks in global energy markets at 2013 Investment Innovation Conference.
Fixed income exchange-traded funds (ETFs) now make up 20% of the ETF market, with about $250 billion invested. But their role is growing in other ways, according to a new study by BlackRock. It shows that during the most volatile months in the bond market (May 1 to July 5), some fixed income ETFs bore the brunt of the trading frenzy, not the underlying assets.
Paul Kedrosky to speak at 2013 Investment Innovation Conference.
If bitcoins do turn out to be a new kind of bubble—a tulip bulb for the 21st century—then an exchange-traded fund (ETF) could add a lot of soap to the water. But if bitcoins do end up being the currency of the future—and that’s a big if—an ETF might help to add credibility to the space.
As institutions continue to dominate indexes, they’re also using exchange-traded funds to manage macro risks and tail risk, and to short specific stocks.
Seemingly in response to recent BRIC-bashing, stock index provider MSCI has decided to create a product that excludes these four countries. While MSCI’s main emerging market index is heavily weighted to BRIC (which make up 40%), the new MSCI EM Beyond BRIC Index will give investors exposure to 17 other countries.
During a month of record exchange-traded fund outflows, there are signs that these products continue to morph into a staple in the market landscape as the first locally domiciled product is launched in Chile, opening up Santiago to a growing segment of investors.
Junk bonds might be a good anodyne for plan sponsors dealing with the pain of rising rates. But a new report released by credit rating agency Fitch warns of some new factors in the high-yield bond market that could add more of what plan sponsors don’t want—volatility.
Winner will receive $3,000 and paper will be published in annual print CIR.
At a time when correlations are high and assets seem to rise and fall in lockstep, factor-based investing has been garnering a lot of attention. Academics have been crunching the numbers for years -- layering their research over a traditional passive strategy creates a compelling recipe for investors that has been labeled enhanced or “smart” beta.