MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, December 15, 2008 Traders Blame ETFs for Eleventh-Hour Market Gyrations Some traders are pointing to leveraged ETFs as the reason behind the wild market swings in the final hour of trading, report The Wall Street Journal's Tom Lauricella, Susan Pulliam and Diya Gullapalli. Will Weinstein, chairman of Conifer Securities, said trading linked to ETFs is the "primary source of volatility in stocks covered by these levered ETFs by a lot." He went on to say that such funds are "making an already unstable environment much, much worse." On the ETF industry side, the article contains comments from ProShares CEO Michael Sapir, who noted that "all transactions in the marketplace have an impact." Sapir said the notion that leveraged ETFs is the reason for end-of-day ups and downs is "utter postulation." Printed from: MFWire.com/story.asp?s=20146 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |