Was watching a recent Joe Rogan podcast with MIchael Osterholm. Topic was about Coronavirus. Half way in podcast he’s discussing being straightforward with public about it and his briefing last Friday with about 400 major financial investors about the virus. He compared them to 6 year olds scared to go down a dark hallway after he was done explaining what to expect the next few months.ETFs suffered only a few % in outflows of customer cash. Its the to the toes leveraged hedgefunds and banks who are selling like mad. There was an article on Bloomberg about it just yesterday.





Any actual proof of this occurring? Except for leveraged ETFs, institutional owners would have to be turning in ETF creation units for the underlying stock and selling that, which would be apparent in the shares outstanding numbers. I haven't seen any of that, but then I haven't looked beyond a couple of the big ETFs. Leveraged ETFs just don't have the numbers to move markets with rebalancing, especially when you look at they underlying securities they hold.The curse of ETFs in a downturn has long been predicted.
RIP Jack Bogle.
Selling begets selling, and down and down we go.
55ETFs suffered only a few % in outflows of customer cash. Its the to the toes leveraged hedgefunds and banks who are selling like mad. There was an article on Bloomberg about it just yesterday.
whats the curse?The curse of ETFs in a downturn has long been predicted.
RIP Jack Bogle.
Selling begets selling, and down and down we go.