"80% of ETF inflows still go into basic index-like funds. But products that blur the line between ETFs and hedge funds also attract huge sums. There is now $400 billion in ETFs branded as “smart beta,” marketing-speak for funds that try to beat, rather than match, their benchmarks."http://fortune.com/2015/09/16/etfs-hedge-funds-in-disguise/?xid=yahoo_fortune(A version of this article appears in the September 15, 2015 issue of Fortune magazine)
Meanwhile, over at the exchanges:
http://www.bloomberg.com/news/articles/2015-09-17/exchanges-regulators-scramble-to-fix-etfs-after-august-rout"When markets plunged Aug. 24, ETFs had the biggest issues, prompting questions from regulators, money managers and exchanges over why values diverged so widely from the individual stocks the investments are meant to follow. The price swings led to trading halts for more than 500 ETFs, raising concerns that the day was a preview of worse problems down the line as money continues to flow into the $2 trillion industry."Ha, they still don't know what to do. And that can only mean one thing: the SEC
may have to
consider investigating the matter.
At some point, or other.....
Maybe someone outta blow the whole place up and start over. Oh, wait--- 95 yrs. ago, yesterday, that's exactly what happened!
http://www.crossingwallstreet.com/archives/2015/09/wall-street-bombed-90-years-ago.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed:+Crossingwallstreet+(Crossing+Wall+Street)
"The perpetrators were never caught."
