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Dave Nadig
3:22
I wouldn't be super happy if it happened more than in those extreme cases.
Like, right now, mutual funds close for new money basically because they feel like it - they think their strategy is saturated.
That would be horrible in an ETF wrapper, and essentially have the ETF bounce in and out of being a closed end fund
Wouldn't be a fan.
Adam Okhai
3:23
Very useful site. Are you considering coverage of Canadian-listed ETFs? Cdn economy is and population is about equivalent to California. You would definitely not ignore California. PLEASE do include Canada ETFs.
Dave Nadig
3:23
I love Canada!  I go to most of the bigger events there.  It's very much the canary in the coal mine for the U.S. market.
3:24
The issue for us (to be really blunt) is whether there's ENOUGH traffic from canadian investors to justify putting up all those fund pages, and then hiring 1 or 2 crack reporters to cover all the various moves in what is a pretty dynamic market.
Everytime we've looked at it (which we really have!) it's just been a hard case for me to make to invest the resources there.
3:25
Maybe that will change!  I actually hope it does, because like I said, I think it's an important market that in dozens of ways is the precursor market to what happens in the U.S. - just look at HMMJ launching before MJ!
Finola H.
3:25
Is it conceivable that passive investing/ETFs could contribute to, or cause, the next big market crashes?
Dave Nadig
3:25
Boy I get this one a lot.
3:26
So, when you look at some of the market "hiccups" we've had that involved ETFs in the past decade, I'd describe them as "plumbing related."  The biggest issue - can an ETF trade WILDLY off fair value - has been adressed by the Limit Up Limit Down circuit breakers.
3:27
So I don't see a plumbing problem.
Of course, ETFs are just targets for supply and demand like anything else.
If EVERYONE wants to sell, I dunno, Tech Stocks, then Tech ETFs will get hammered.  And so will tech stocks.  And so will Tech mutual funds.
3:28
Since theres a lot of trading volume in ETFs, you can see scenarios where the ETFs actually respond FIRST to outside stimulus, and then the stocks "catch up."
We've seen this in illiquid corners of the bond market when we've had big high volatility days.
3:29
But in equities, for the most part, even when we have big vol spikes like we saw in february, the ETF just trades along merilly.  Up or down, based on investor sentiment.
OK, last question before I wrap up:
Thom Margate
3:29
Clearly ETFs cover super specific niches. Is there an ETF that targets entertainment vehicles like Netflix/Hulu?
Dave Nadig
3:29
Great change to plug a tool on ETF.com!
If you go:
you can swap whatever ticker you want in there for Netflix.
3:30
You will see the funds with the biggest exposures.
Some of these don't look like your angle, but look down a few on the list and you'll see:
Invesco Dynamic Media ETF
3:31
Which is basically what you're looking for.
I think that stock finder tool is a great way of feretting out a niche ETF in a sector you think you might be interested in.
OK, that’s going to do it for today.  We’ll have a transcript up shortly.
Next week we should be same time/same place I believe.
3:32
You can bookmark this link, which will open for questions on thursday morning.
THanks everyone, see you next time!
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