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ETF Digest
The premiere source for ETF Market signals and commentary since 2001.
Dave's Daily ETF Blog
MARKET COMMENT
July 3, 2009
Emerging Markets from Russell Fry on Vimeo.
Disclaimer: Among other issues the ETF Digest maintains positions in:
The charts and comments are only the author’s view of market activity and aren’t recommendations to buy or sell any security. Market sectors and related ETFs are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotations aren’t predictive of any future market action rather they only demonstrate the author’s opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at www.etfdigest.com.
Continue reading Dave's Daily or learn more about Dave in his biography.
Author David Fry discusses how his new book explains how an individual investor might use ETFs to create their own hedge fund.
Interviews
Visit the Press Room for more news and media links. |
EssaysDawn Of A New Era - The Great Race The first part of this essay was written five years ago--how time flies! And how the ETF sector has grown! By the end of the first quarter in 2008 roughly 650 ETFs were issued with 40% of those launched in 2007.... June 1, 2008 |
What's New
Charles Kirk Question & Answer
10 Questions With David Fry
Kirk: Since our last Q&A, what are some key developments in your area of expertise - i.e. exchange trade funds and their use in portfolio management?
David Fry: It's been awhile since we did the last one and a lot has changed. Other than what is probably the tremendous growth of issues available and assets under management there have been some great new developments that we're thrilled about.
First is the arrival of many Alternative Investment, Inverse and Leveraged issues.
As some investors know, adding true uncorrelated assets to a conventional investment portfolio can reduce risk and increase overall returns. Therefore, having commodity and currency issues have been a major breakthrough. Previous to having commodity and currency ETFs, the only way for conventional investors to deal with them was either directly through trading expensive and highly leveraged futures contracts or in commodity limited partnerships.
As a former CTA [Commodity Trading Advisor] and CPO [Commodity Pool Operator] these pools traditionally involved high leverage, high minimum investments, expensive double digit fees, illiquidity and other negatives that turned-off mainstream investors.
ETFs have changed that considerably. Most of the previous negatives have been eliminated with ETFs linked to Commodity Tracking Indexes, gold, currencies, agricultural products, base metals, energy and so forth. If you want to use some leverage you can add a modest amount with some issues, liquidity is high and costs are comparatively much lower than previous vehicles.
Further, commodity markets are driven primarily by supply/demand issues. It's as likely to be long a commodity as short. And, in 2007 and 2008 we've benefited in both directions.
Currency investing has always been intriguing for most investors but was equally as difficult to participate in as commodity markets. Now, ETFs can be utilized for most major currency markets either for speculation or hedging without having to use the futures market or employ complex options strategies.
Inverse and leveraged issues covering US sectors, major market indexes, overseas sectors, and commodity and currency issues have been a great addition to the ETF Digest portfolio menu giving investors the opportunity to create some basic hedge fund like strategies.
Continue reading 10 Questions With David Fry on Charles Kirk's blog, The Kirk Report.














