New innovation in the exchange-traded fund industry could come at a cost to investors during extreme conditions. According to MFS Investment Management’s Jamie Harrison, ETFs involved in increasingly complex derivatives and less transparent markets may be in uncharted territory when it comes to violent downturns. “Those would be something that you’d want to keep an…
BlackRock is applying hedge fund strategies to its exchange-traded fund business. Jeffrey Rosenberg, the firm’s senior portfolio manager on the systemic fixed income team, has a leading role in the firm’s liquid alternatives ETFs — which use a long-short strategy in ETF wrappers. He contends the strategy provides valuable diversification amid the recent breakdown in…
A bitcoin comeback may be underway. Just as the cryptocurrency was kicking off its latest winning week, ProShares’ Simeon Hyman was emphasizing a bullish bitcoin trend on CNBC’s “ETF Edge.” “If you look at bitcoin, it’s up a little bit and equities are down [since the Iran war began,]” the firm’s global investment strategist said…
