Reuters/Simon Dawson
- Don’t confuse Exchange-Traded Products with Exchange Traded Funds.
- Over 97% of the $ 5 trillion global ETP market consists of exchange traded funds (ETFs), which are plain vanilla, traditional, liquid funds.
- ETP’s are financially engineered investments that bet on against the very indexes that they track.
As the recent market volatility made clear, there’s a big difference between plain vanilla ETFs and leveraged products making big bets with big risks.
I love movies that pivot on mistaken identity. From Desperately Seeking Susan(Madonna) to The Big Lebowski (Jeff Bridges), I get hooked when one character is falsely assumed to be another. But, mistaken identities should be reserved for the movies, not the exchange-traded products (ETP) market.See the rest of the story at Business Insider
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Post Author: martin
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