I've been hearing rumblings about these Rydex funds for some time, and it's good to see them finally hit the market.
Today I thought I would provide a broader analysis of the Northern Trust NETS ETF filings. We'll bring Matt in here for some debate as well.
Rydex comes in with leverage at 70 basis points. Can they chip into ProShares' $9 billion and growing? Is there a lawsuit on the way? Also, with Northern Trust, the biggest part of that story is the little indexes they've locked in with big brand names.
Longtime friend and one-time business partner Steven Schoenfeld's operation is coming out with the "One ETF To Rule Them All"? He never tells me anything.
Rejoice! The ETF powers that be have promised to deliver a true global ETF.