FYI: As U.S.-listed ETFs approach $2 trillion in assets, you may wonder how much the current bull market has been aided by the rush into these trendy index-tracking funds.
The answer is not much, argues Convergex’s Nick Colas, even as exchange-traded funds have reached an estimated $1.987 trillion in assets. ETFs aren’t responsible for pushing U.S. stocks to new highs, as they’re still a relatively small force and largely just grabbing money that would have gone into mutual funds, he wrote in a Tuesday note.
Regards,
Ted
http://www.marketwatch.com/story/as-us-etfs-approach-2-trillion-in-assets-heres-what-that-means-2014-12-03/print
Comments
To get out of debt... shake up these four letters, DEBT...geT out of BED...make a big Dog BET...Bet like TED
Regards,
Ted
Two Big Dog Bets That Aren't Working:
SDRL: Bought @39.60 & close yesterday at 12.33 + dividend suspended.
SFY: 7.875% 3/22 bought @100.01 closed yesterday @73.00