Posts filed under “ETFs”

Coming Soon: TBTF ETF

TBTF ETF Backtest (Red)

Source: Bespoke

 

I am putting together a new ETF that consists entirely of companies that have become so large and systemically important that they are guaranteed survival regardless of their own incompetency.

It is a market cap weighted index (naturally) so that those names that represent the greatest threat to the overall economy have the highest weighting. Full universe of potential holdings are here.

Ticker symbol: TBTF

Top 10 Holdings
AIG*
Citigroup
Bank of America
Morgan Stanley
Goldman Sachs
Wells Fargo
Fannie Mae
JPMorgan
US Bancorp
Ally

Note: Because shareholders got wiped out in the GM and Chrysler bankruptcy, they do not qualify.

We expect trading to begin May 1. Full disclosures and documentation available on request.**

We also be rolling out the leveraged version — 200% long, symbol XTBTF, and of course, the Ultra — a triple leveraged ETF, symbol UTBTF.

We will be following the domestic ETF with an international version: TBTFi (not to be confused with the BlackRock’s offering, iTBTF). It will be filled with ECB notes, Japanese banks, Sovereign debt from Greece and Cyprus, etc. For diversification purposes, it is important to own TBTF banks in various geographic regions in case of local central bank collapse or nuclear accident.

 

 

 

 

 

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* AIG is really in there as a sentimental favorite, but they are no longer truly TBTF.

** No, not really, as this is sarcasm.

Category: ETFs, Humor

Romancing Alpha (α), Breaking Up with Beta (β)

Since it is a Friday (following Valentine’s Day), I want to step back from the usual market gyrations to discuss a broader topic: The pursuit of Alpha, where it goes wrong, and the actual cost in Beta. For those of you unfamiliar with the Wall Street’s Greek nomenclature, a quick (and oversimplified) primer: When we…Read More

Category: ETFs, Investing, Philosophy

The Ongoing Rise of ETF Assets

click for larger charts

Source: Bianco Research

 

In my year end column for the WaPo (10 trends to watch in finance for 2013), the very first trend was “ETFs are eating everything.”

Some of the charts nearby, courtesy of Bianco Research, put it into perspective visually.

Just last month, ETF assets passed the $2 trillion dollar milestone.  And today, Schwab announced they are allowing “investors to trade over 100 ETFs commission-free.”

By way of their simplicity, low cost and passive indexing, ETFs are becoming the most dominant product in finance.

 

Read More

Category: ETFs, Technical Analysis

Jack Bogle on Investing

Experts Grade the Recent Rally


Mon 04 Feb 13 | 08:06 AM ET

Category: ETFs, Investing, Video

Investors Continue to Pick ETFs over Active Funds

Source: FT.com   This was part of theme of my presentation this week — while equity markets in general have seen huge outflows, ETFs in general — and Vanguard in particular — have seen large inflows .  . .    

Category: ETFs, Investing, Mutual Funds

U.S. Equity Sector ETF Weekly Performance (1.18.13)

(click here if charts are not observable)  

Category: ETFs, Think Tank

U.S. Equity Sector ETF Weekly Performance – January 11 2012

  (click here if charts and table are not observable)

Category: ETFs, Markets, Think Tank

U.S. Equity Sector ETF Performance December 21, 2012

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Category: ETFs, Markets

U.S. Equity Sector ETF Performance

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Category: ETFs, Investing, Markets

U.S. Equity Sector ETF Performance

(click here if charts are not observable)

Category: ETFs, Markets, Think Tank