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2min chapter
Discussing The Current State Of The Investment Industry with Eric Balchunas
FYI - For Your Innovation
Is ETF a Derivative?
e t f's work came out of the 19 87 crash, where people were using futures as c portfolio insurance. And i think that's something people miss, and why in e t f? Cause it is a derivative, but it isn't. It's literally structure as a mutual fun so when h y g gets a bunch of inflos, somebody has to go make new shares. What they do as they hand in those junk bonds, and then it's hell with the custodian. That's why spideris called s and p depository receipt. You own a receipt for those bonds. I personally have found more confidence in backing e t s because of that. They're physically backed
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