It is important to remember that some lenders are able to generate more return from a given basket of securities due to their scale and skill." Securities lending can have much darker side. When stocks are loaned out, the borrower gives the lender collateral that can be invested elsewhere. AIG ran into big trouble during the crisis when it invested that collateral in toxic asset-backed securities and had to make a multibillion-dollar write-down. Fortunately, BlackRock and State Street invest that money in short-term money market funds, which are far safer.
The Winkdex An amendment to the S-1 SEC filing was filed on February 19, 2013, and it included an announcement of the Winklevoss Index, or Winkdex . The Winkdex is a price index for Bitcoin. From winkdex.com : The index is "calculated by blending the trading prices in U.S. dollars for the top three (by volume) qualified Bitcoin Exchanges during the previous two-hour period using a volume-weighted exponential moving average. This proprietary formula weighs transactions proportionally by volume as well as exponentially by time to give greater weight both to the higher volume transactions and more recent transactions." The top three exchanges by volume are selected from a set of five exchanges based on the continue reading this.. volume exchanged over the previous 24-hour period. Criticism Some might argue the ETF provides no value if one can buy and hold bitcoin on a service like Coinbase without having to incur the recurring fees associated with the ETF.Coinbase is a San Fransisco, Calif.-based company, backed by renowned venture capitalists such as AndreessenHorowitz, that provides Bitcoin services to consumers and merchants. For a one-time fee, consumers can purchase bitcoin on Coinbase.
ETF Chart of the Day: Crocodile Dundee | ETF Trends
National Bank of Greece is GREKs ninth-largest holding with a weight of 4.3%. The $222.3 million ETF allocates 19.5% of its weight to financial services stocks, the funds largest sector weight, according to Global X data . Under the terms of Greeces bailout package, National Bank of Greece, the countrys largest bank, must deal with a $3.03 billion shortfall, Reuters reported . The bank has reportedly proposed a share offering of close to $3.5 billion, which would dilute current shareholders.
Greece ETF Dragged Down by NBG Secondary Plans - Yahoo Finance
Dollar based bull and bear products, and today we take a look at the best performing currency as represented by an ETF, year to date, the Australian Dollar. Neither fund is exceptionally large, with CROC holding about $20 million in AUM currently and GDAY only $3.5 million (and much lower average daily trading volume). We see headlines this morning expressing the disagreement that some market observers have in predicting that the Reserve Bank may raise interest rates in the near term as opposed to in the distant future in reaction to the Australian housing market and other issues. These headlines have sent FXA and the currency itself on a gap lower today (-0.72%) which will perhaps spur additional trading activity in the aforementioned funds. DBV is a very interesting product in that it invests in G10 currencies as far as its investment universe goes, and according to ETFdb.com is designed to exploit the trend that currencies associated with relatively high interest rates, on average, tend to rise in value relative to currencies associated with relatively low interest rates. In looking at the current positions within DBV, we see bullish Australian Dollar, New Zealand Dollar, and Norwegian Krone, while bearish Swiss Franc, Japanese Yen, and U.S. Dollar.