FYI: Passive investors and ETFs are pushing stock prices away from their intrinsic value and investors might be able to make money by betting against ETF flows, a new study from Deutsche Bank’s quantitative research team has found.
The study, titled “What Happens When the Rest of the World Goes Passive?” tried to examine how ETFs were effecting stock prices.
Regards,
Ted
http://www.etfstream.com/news/4672_etfs-are-distorting-stock-prices-deutsche-bank
