Murray Coleman

Features and News

Report: Bid-Ask Spreads & Liquidity A Big Problem

 

Investors in exchange-traded funds with limited assets under management are getting hit by large bid-ask spreads, rising expense ratios and illiquid trading activity, according to a new report from the Wall Street Journal’s Eleanor Laise.

Laise’s research shows that nearly half of all ETFs with less than $50 million in assets under management trade with an average spread of 0.50% or more, making them prohibitively expensive for investors to use in portfolios.

Features and News

Big Pension Plan To Review Active Vs. Passive

 

The California State Teachers’ Retirement System is reconsidering the split between its active and passively managed investments, according to a new report by Global Pensions magazine.

CalSTERS currently has $68.7 billion invested in passively managed equity strategies, representing approximately 70% of its U.S. equity portfolio and 50% of its international equity portfolio.

Features and News

Smith Buying Commodities, TIPS & Foreign Small-Caps

After trying times in '08, adviser turns away from complicated investment themes while boosting stakes in core long-term ETFs and asset classes.

Features and News

Schwab Vs. Vanguard: Battle Royale?

Schwab isn't just moving into ETFs. It's also focusing more on index mutual funds, possibly posing Vanguard's biggest threat in years.

Features and News

ETF Roundup: August 19

 

SEC & FINRA Warn About Dangers Of Juiced ETFs

Regulators combined forces on Tuesday to issue a joint release warning investors against the potentially dangerous impact of leveraged ETFs on long-term-oriented portfolios.

You can read this Reuters story, which includes reaction from ProShares, here.