Behold! Yet Another Way to Bank Coin (Or Not)

It figures. “They” had to come out with yet another ETF.

This time, a launch of Northern Trust’s newest member of its NETS exchange-traded fund family, the NETS FTSE CNBC Global 300 Index Fund [[MYG]] , which as its name suggests provides global exposure to 32 developed and emerging markets across the globe. According to NETSetfs.com website the fund will track the largest 15 stocks in each of 18 developed market industry sectors, as well as 30 of the largest emerging market stocks in terms of market capitalization. A prospectus for the fund can be found here. 

Northern Trust I know, and FTSE is recognizable, but seriously, CNBC? Why condemn an investment to be affiliated with anything having to do with that gregariously egregious group of sychophants?

As to be expected, market up today, MYG down.

Exactly.