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The Majority Of ETF's Are Useless Garbage

Thursday, August 1, 2013 - 8:59 PM
This title comes our way via a quote from Asset Builder's Scott
Burns current Q&A column:

      Q. In a recent column I found one comment perplexing. I would
         appreciate more elaboration on the exact meaning of your
         comment: “Fortunately, we can regard the majority of ETF’s
         as useless garbage. We can ignore them.” Since ETF’s are
         basically just buckets of stocks I don’t see how they can
         be written off as useless garbage…please explain. —J.E.,
         Richland, WA

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3
cumuluscumulus297 posts since
Jan 16, 2010
Rep Points: 1,374
1. Thursday, August 1, 2013 - 10:27 PM
Few are listening as 'risk-on' is in full swing:

"Investors poured $38.1 billion into exchange-traded funds listed in the U.S. last month, the most since December 2008 and the fourth-highest inflow ever, according to data compiled by Bloomberg since 2000. Almost $30 billion of the deposits went to funds that buy and sell American equities."

http://www.bloomberg.com/news/2013-07-31/dollar-holds-drop-on-fed-as-oil-jumps-japan-futures-gain.html
5
ShorebreakShorebreak2,377 posts since
Apr 6, 2010
Rep Points: 12,694
2. Thursday, August 1, 2013 - 10:51 PM
> Investors poured $38.1 billion into exchange-traded funds listed in the
> U.S. last month  ...
>
Does this have anything to do with increased marketing of Structured CDs?
Seems I'm hearing more about such packages being built with indexed EFTs.
2
cumuluscumulus297 posts since
Jan 16, 2010
Rep Points: 1,374
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