Yet the person who «invested» the Buffett Indicator» seems to think we're not at bubble territory, which is also
agreed by index fund legend John Bogle.
Not exact matches
ETNs are designed to deliver the total return on a broad
index or individual commodity, but rather than being structured as pools of securities that the
fund itself owns, they are instead unsecured bonds (notes) issued
by a firm that
agrees to deliver the return of the
index it tracks.
Thirteen major U.S. mutual
fund companies have
agreed to begin publishing data about how actively their
funds are managed, following an investigation
by the office of the attorney general of New York (NYAG) into the practice of «closet
indexing,» NYAG announced Thursday.
This perspective could be easily dismissed
by a reader
agreeing with the excellent «New Yorker» article you cited: I'm placing my faith in an «expert»
fund manager with no greater ability to predict the future (and select winning stocks) than anyone else, and I'd be better off
indexing.