You’re right, Jim: These ETFs are providing price discovery and testing all those mythical investment claims you here about.
Buybacks are supposed to make us feel all warm and fluffy about companies. "See?" we are supposed to think. "Management believes in the stock." But why are the companies doing these buybacks underperforming the market?
PowerShares eyes Europe as the next obvious step.
And I mean "the other DFA" in the tone of the famous "Pork—the Other White Meat" commercials. I had dinner with Rob Arnott last night, and no surprise, he had some things to say. We ate beef, by the way.
State-specific muni bonds launch, while a new filing promises an ETF tied to the Reuters/CRB Commodity Index.
The oldest commodity index will see its first ETF.
Browsing the IU.com news, the attention-grabber is clearly DFA's new R Shares. Is the indexing-ish enigma finally pushing out into the wider world? Where are those DFA ETFs anyway?
Jim: This must be a first. I agree with almost everything you say in your blog…
The added share class means defined contribution plans are more likely to have access to DFA funds.
I was talking to a friend the other night, a nonfinancial type, but very intelligent and with quite a lot of money invested mainly in equities, and he's about 50% China and Emerging Markets in his portfolio.
You touched on a critical point, Jim: The irony of target-date funds is that, while they are supposed to be the ultimate in passive investing—"set it and forget it"—they really require some of the closest scrutiny of any funds on the market.
They're finally here: the first target date ETFs. Eagerly anticipated and a critical piece of the XShares platform plan, target date funds have already hit the rest of the fund market in force. But it's not all cookies and cream.
Journal Of Indexes»
EXCHANGE-TRADED FUNDS REPORT»
