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.
Northern Trust has made its long-anticipated move into the ETF marketplace, and it is attacking the space with vigor.
For all the ETFs that put on the razzle-dazzle to the point of confusion, there are still plenty of transparent, obvious ETFs for the more dowdy index investors.