Loading...
Symbols:
EPP Forum Topics
- All Comments on EPP
- General Discussion on EPP
- Financial vs. International ETFs: Which Bear is Grizzlier? [view article]
- Barclays Global ETFs: iShares Doing the Splits [view article]
- International ETF Update: Japan, China, Australia [view article]
- Defining ETF Risk: Does It Pass the "Smell" Test? [view article]
- Learning Patience from New Zealand [view article]
- Do Northern Trust's NETS Pose a Genuine Challenge to iShares? [view article]
- ETF Investment Risks [view article]
- ETFs: A Screened List [view article]
- Exchange-Traded Funds and Closed-End Funds by Asset Class, Type and Provider [view article]
- Top 50 ETFs by Revenue Per Fund [view article]
- Broad International ETFs [view article]
loading ...Recent EPP Articles
- Financial vs. International ETFs: Which Bear is Grizzlier?
- Barclays Global ETFs: iShares Doing the Splits
- International ETF Update: Japan, China, Australia
- Defining ETF Risk: Does It Pass the "Smell" Test?
- Learning Patience from New Zealand
- ETF Investment Risks
- Do Northern Trust's NETS Pose a Genuine Challenge to iShares?
- ETFs: A Screened List
- Top 50 ETFs by Revenue Per Fund
- ETF Fund Flows (Week Ending 1/25/08)
- Full List of Articles »
Trading Center
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »
Financial vs. International ETFs: Which Bear is Grizzlier? [view article]
PAUL / SHARK,Put options on the DJIA with strikes of 6000 and 7000 are selling for pennies right now. How many have you bought? When your fantasies come true, you'll be a very rich shark! Or are you one of them Hollywood sharks that are meant to look scary but don't really do anything?
Reply
Barclays Global ETFs: iShares Doing the Splits [view article]
Thanks for the advisement. You saved me a heart attack! ReplyBarclays Global ETFs: iShares Doing the Splits [view article]
How would a 3:1 split on FXI relate to FXP, the ProShares 2:1 inverse of FXI?Also, how would a 3:1 split affect puts in FXI?
I would appreciate your insight on these questions. Reply
International ETF Update: Japan, China, Australia [view article]
The biggest problem we face in this country is ignorant idiots who can't spell "bigot." ReplyInternational ETF Update: Japan, China, Australia [view article]
The biggest problem wwe face in this country is ignorant biggots like you. ReplyInternational ETF Update: Japan, China, Australia [view article]
The way to play the decline in FXI is ProShares FXP. It is my judgment that FXI is headed to $60, down from the 120-130 range during the next month. FXP is headed to $200. (FXP is 2:1 inverse of FXI)The bubble has burst in China... Europe, Asia and USA are all heading to a slowdown that popped the bubble. I expect the people are beginning to feel like Japan in 1990 when their market began declining from a high of 40,000 and went down to 10,000 over very long period before finally going back to 20,000 and now back to 13,000. The China markets are down 60% so far, but have not seen anything yet.
Can you imagine all the bad luck that China has faced this year?
Worst Blizzard in 50 years
Worst Earthquake in 54 years
Worst flooding in ___ years
Highest Fuel prices ever, Plane fares ^^^ higher
The earthquake has affected the preparations for the Olympics, reducing profit potential.
Olympics will be a huge disaster, very hot and muggy. Taxis will be tangled in huge traffic jams, tourist will hate it.
Just learned that there is a problem of Algae in waterways planned for Olympic boating events. 10,000 workers are now clearing the river.
Also learned they are expecting locust, 35,000 workers from Outer Mongolia have been hired to try to do something about the problem. How do you fix this?
I wonder if the Chinese are beginning to feel like ancient Egypt when Moses asked the Pharaoh to "Let my People Go." The Nile filled with blood, fish died and began to stink and they had to dig wells as the water was too bad to drink, then came frogs, gnats, flies, livestock died, they all got boils, hail storms, locust, total darkness for 3 days and then death of firstborn?
I WISH THIS KIND OF BAD LUCK WOULD GO ON OPEC's HEADS DUE TO THEIR CONSPIRACY TO DESTROY THE WESTERN WORLD'S ECONOMIES. I REALLY BELIEVE THAT IS THEIR GOAL.
ARABS/MUSLIMS COULD NOT DEFEAT US WITH 9/11 OR MILITARILY, BUT THEY CAN BREAK OUR ECONOMIES AND BANKRUPT THE USA. SOUND IMPOSSIBLE? THINK ABOUT WHAT WILL HAPPEN WHEN WE RAISE TAXES TO PAY FOR GLOBAL WARMING AND TO TAKE ALL THE WEALTH FROM THE RICH WHEN WE ELECT OBAMA PRESIDENT. WOW, THAT SCARES ME REALLY BAD. WE COULD NOT MAKE IT ANY EASIER FOR OPEC THAN TO ELECT HUSANE OBAMA PRESIDENT. WHAT TO DO? Reply
International ETF Update: Japan, China, Australia [view article]
thank you for the symbols of a few ETFs I did not know about. ReplyDefining ETF Risk: Does It Pass the "Smell" Test? [view article]
Matt Hougan wrote about this very thing on June 8th and lists the exact same information plus 'tax risk' and 'counterparty risk' (in the case of commodity and leverage funds). I think you are missing the two most important risks: 'Expected Shortfall risk' and 'volatility risk'.Expected Shortfall is the extra (fat-tail) loss that is ignored using a normal distribution. By converting to a 'Stable' (logarithmic) distribution you can actually see the true risk of a frequency distribution. In other words, it is a Value-at-Risk (VaR) model that better describes the tails of a distribution. With VaR, with may think you stand to lose 3% of the portfolio value on a given day, one percent of the time (at a 99% VaR). With conditional expected shortfall (or conditional VaR) the actual loss 1% of the time may actually be 6%; like what happened this past February.
Volatility Risk is the extra risk you assume by investing in less diversified asset classes. This is a big deal with ETFs. The cause of this problem stems from the sudden interest in ETFs and the need for ETF manufacturers to gobble up their stake in the ETF real-estate game. As the land-grab for ETF shelf space continues so does the increase in volatility. The first ETFs were broad-based market indices, like the S&P 500. The next wave of ETFs was the industry sectors (health care, financials, basic materials, etc.). Because they are less diversified the risk on one industry, in terms of volatility (measured in standard deviation) is 1.3 to 8.6 times the volatility of the S&P 500. Having seized the industry sector space the ETF manufacturers went to the sub-sector frontier to build their niche (such as bio-tech); and henceforth more risk. Not to be out done, competing manufactures launched inverse funds and leveraged funds; again, more risk. Only since June of last year has the risk in new ETF’s subsided with the introduction of fixed income, real estate and some commodity ETF’s. The largest risk in managing a portfolio of ETF’s is in choosing the proper fund universe; then comes the ardent task of fundamental research and asset allocation.
Expected Shortfall is the extra (fat-tail) loss that is ignored using a normal distribution. By converting to a 'Stable' (logrithmic) distribution you can actually see the ture risk of a frequency distribution. In other words, it is a Value-at-Risk (VaR) model that better describes the tails of a distribution. With VaR, with may think you stand to lose 3% of the portfolio value on a given day, one percent of the time (at a 99% VaR). With conditional expected shortfall (or conditional VaR) the actual loss 1% of the time may actually be 6%; like what happened this past February.
Volatility Risk is the extra risk you assume by investing in less diversified asset classes. This is a big deal with ETFs. The cause of this problem stems from the sudden interest in ETFs and the need for ETF manufacturers to gobble up their stake in the ETF real-estate game.
Reply
Nusbaum
Learning Patience from New Zealand [view article]
thank you, I follow several stocks as well and am not opposed to NZ equity exposure here by any means. ReplyLearning Patience from New Zealand [view article]
Hi Roger,Nice article, but I don't know why you'd consider Kiwi bonds instead of stocks. Right now, the NZX10 Index made up of the ten largest companies listed in New Zealand is yielding an incredible 7.9%. Even if the growth upside is limited in the near-term, I'd still rather have the equity kicker if I were investing in a foreign currency. Some of the companies in the NZX10 earn profits overseas, so conceivably even if the Kiwi weakens, the index should do ok.
I'd recommend checking out the SmarTenz ETF which is listed in NZ, ticker symbol TNZ.
-Thistle
Reply
ocks
Do Northern Trust's NETS Pose a Genuine Challenge to iShares? [view article]
NETS Etfs will survive but it will take a while before they can get any where closer to ishares. ReplyETF Investment Risks [view article]
An overlooked metric is volatility risk. As the land-grab for ETF shelf space continues so does the increase in volatility. The first ETFs were broad-based market indices, like the S&P 500. The next wave of ETFs was the industry sectors (health care, financials, basic materials, etc.). Because they are less diversified the risk on one industry, in terms of volatility (measured in standard deviation) is 1.3 to 8.6 times the volatility of the S&P 500. Having seized the industry sector space the ETF manufacturers went to the sub-sector frontier to build their niche (such as bio-tech); and henceforth more risk. Not to be out done, competing manufactures launched inverse funds and leveraged funds; again, more risk. Only since June of last year has the risk in new ETF’s subsided with the introduction of fixed income, real estate and some commodity ETF’s. The largest risk in managing a portfolio of ETF’s is in choosing the proper fund universe; then comes the ardent task of fundamental research and asset allocation. ReplyExpert
ETF Investment Risks [view article]
I think you should look into Barclay's a bit more closely. They have some big problems, so yes it could "disappear tommorrow just as any financial firm could. I would never say never about any banks during this crisis because anything could happen. And the banks that are deemed the strongest could surprise everyone. ReplyDo Northern Trust's NETS Pose a Genuine Challenge to iShares? [view article]
Don Dion is offering a free video conference this Wednesday on his outlook for the 2nd half of the year! Go to www.dionmm.com/video/p... to register! ReplyETF Investment Risks [view article]
"But those new asset classes aren't taxed like equities."Is there any place on-line to find out how a certain ETF is taxed? If not, then where else could you find that info? thanks
Reply