My favorite ETF reads over the past week, along with my ETF tweet and chart of the week!
“We’re kind of like your nonexistent spot ETF.”
“Osprey Funds CEO Greg King called the Teucrium approval a bit of a head-scratcher.”
“Exchange-traded funds launched over the past few years to ride a wave of state-level cannabis decriminalization have been deep in the red for more than a year.”
“USO is down nearly 86%, compared to a gain of 50% for spot oil prices.”
“We like to say that the ETF vehicle ‘democratized investing’. It did. But another way of saying this is that ETFs made investing more honest.”
“They expected this fund to have nothing at this point. But this fund is going to be around for a long time.”
ETF Tweet of the Week: Rising interest rates = pain for bond ETF investors…
98% of the 503 bond ETFs now have negative returns YTD. Here's the lonely 10 that are in the green (and half of those btw are <1%). pic.twitter.com/yEACbpObq4
— Eric Balchunas (@EricBalchunas) April 19, 2022
ETF Chart of the Week: Just how bad is it for bonds right now? The benchmark Bloomberg U.S. Aggregate Bond Index, which is tracked by popular bond ETFs such as the iShares Core U.S. Aggregate Bond ETF (AGG), has never experienced losses this bad.
Source: Jim Bianco