Do any of you exclusively trade ETFs? I know a lot of advisors who have monkey brains and can only trade ETFs, scared of non-systematic risk — unable to choose wisely. So they simply raise new money and plop it into a basket of ETFs, collect fees, and spend their summers near the ocean reading books.
When I first started in the business, during the late 90s, mutual funds were the rage. Brokers would wade into B shares, collect enormous fees, and simply job in. Nowadays, fees are lower, products are deeper, but the monkey brains are the same.
Here are the top performing ETFs for 2017, with an average daily trading volume of 10m+.
XIV +68%
QLD +44%
QQQ +20%
EEM +19%
SSO +18%
FXI +17%
EFA +15.5%
VWO +15%
GDX +14%
GLD +12%
EWJ +12%
What a happy world we live in.
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wow, QQQ and EEM both up nearly 20% ytd. managed funds are walking the plank
Same as it ever was. There’s probably more stupid ETF’s these days than actual underlining stocks. Was there not time when there were more mutual funds than stocks?