From Barron’s Focus on Funds Blog: “I’m only half serious.
But you can judge how “hot” a given investment niche is by how many
exchange-traded funds are launched. And when something is “hot,” it’s often
best to be skeptical.
“The craze for volatility-trading took off just after the
financial crisis. Master-limited partnerships went bonkers after a few years of
strong performance. Bond ETF flows were bananas in 2012, even though yields are
stretched seemingly as far as they can go. And so forth.
“In that vein, you can count the number of commodity
exchange-traded funds and notes launched in 2012 on two hands. Financial
Products Research’s ETF Business Review counts ten. Maybe that’s worth viewing
as a positive on commodities.
The commodity funds and notes that did launch last year
didn’t accomplish much of anything when it comes to drawing assets. Here are
the most successful, per FPR….
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