September 2012

ex-financials

If there is a single buzzword that’s taken up ubiquitous residence in the most fashionable quarter of ETFtown these past few years, it’s “Ex-Financials” – index products designed to give you exposure to a given geography or market but with the financial stocks left out.  The reasons are obvious, nobody wants to have exposure to…

The Three Costs of QE3

There are three major costs of the Fed’s just announced QE 3 that we should probably start talking about now that the initial magic has worn off in the equity markets.  So let’s all towel off and focus. I’ve heard these items discussed elsewhere but in much different terms – either for the purpose of…