This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Evolution of Indexing

One of my more interesting visits was with the people from MSCI/Barra. Many of my readers have commented about fixed-income ETFs. Well, MSCI/Barra has all the indices that the entire industry will ever need. (Well, this may be hyperbole, but it does have a lot of them!)

When it comes to bonds, I don't feel the need to get too exotic. I would be thrilled to have access to sovereign debt from other countries. MSCI/Barra has indices from all the big countries, along with places like Hungary and South Africa. Maintaining indices of government bonds is not a huge obstacle like foreign corporates could be. I tend to think that where foreign bonds are concerned, it is more about capturing general effect than every last basis point.

My last big visit was with Rydex. The Yen ETF is in registration and will probably round out its product line. Rydex also has an ETF based on a credit default swap index (CDX) somewhere in the process. When I asked about a VIX ETF and confessed I wasn't sure how it would work, the representative laid it all out in about two seconds, which makes me think some thought has already been devoted to the idea. The potential applications for VIX and CDX ETFs would be very sophisticated and something I need to learn more about.
3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 0.21%
FB $116.73 0.00%
GOOG $691.02 0.00%
TSLA $247.54 -0.07%
YHOO $36.59 0.00%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs