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Dave Nadig
3:40
which you can also get as a newsletter in your email box.
and if you miss our dulcet tones, we're on the weekly ETF Prime podcast as well.
Larkin Piedmont
3:40
HI Dave, I'm wondering what in your opinion may be the best benchmark for trend following? Thanks
Dave Nadig
3:41
So, bit of a broad question.  Trend following means a lot of things to a lot of people.
In ETF-land, we dont have a true managed-futures trend following strategy.
But for the broader version - there are a number of ETFs that implement things like a traditional 200-day moving average trend strategy.
3:42
Pacer's comes to mind: https://www.etf.com/PTLC
The correct BENCHMARK for any strategy like that is always "whatever it's timing against"
3:43
In pacer's case that's a self-run index of large cap stocks, but its essentially an S&P500 proxy I believe.
Of note: those types of strategies havent done all that well in the past few years, because what downturns we've had have been too short to trigger, or in the case of the winter one, they messed up most trend following math by recovering so quickly.
TJ
3:44
What's your favorite new launch of the year?
Dave Nadig
3:44
But I love all my darlings.  I kid.  I do have an odd one for you:
The Cambria Trinity fund.
3:45
It's possibly the most boring fund launched this year -- it's essentially Cambria's answer to the problem of "but I just wanna buy the one thing."
It charges nothing, but just invests in a bunch of other ETFs (a lot of them also run by cambria, not for free).
but its a basic asset allocation
3:46
Its probably unlikely it will get BILLIONS of dollars, but I think it's a very solid answer to that question I get a lot, which is the "can I just buy one thing and forget about it."
its super tempting honestly.
and I think Cambria is a good shop.
Dulcet Tones
3:46
Can you point me to those podcasts that take the place of those conference calls? Tx
Dave Nadig
3:46
One sec for the link:
You can also just put "ETF Prime" in itunes of wherever you grab your podcasts.
Anon
3:47
Thoughts on the new Esports ETF from Van Eck?
Dave Nadig
3:47
Ooooh so many ...
ESPO, which I think just launched today, hits on a favorite topic.  I'm a big gamer, so I was very excited to see this launch.
3:48
I think Esports is a real thing, and I follow a bunch of them.
So I'm glad to see the product launch.
My big problem with it, however, is that I think the portfolio is just not pure enough.
It's not REALLY an esports play -- its a very broad gaming play.
3:49
If you look at the holdings, for instance, it has Nintendo way at the top.
That's obviously relevant for broad gaming exposure, but completely irrelevant for esports -- Nintendo has literally zero presence there.
at the same time, there are HUGE misses.
3:50
HUYA, to pick one firm, is the largest streaming platform for Esports outside the U.S. -- it makes hundreds of millions a year, and trades here as an ADR
Its probably the single most obvious holding, and it's completely absent
I'm quite sure its because of methodology/liquidity constraints, which is legit.  But I worry it says "ESPO" in the ticker and isn't QUITE delivering.
Mark Kinman
3:51
Hello Dave. Enjoying this forum. I was wondering, is what distinguishes ETFs from mutual funds the way that they trade, or any potential tax implications?
Dave Nadig
3:51
Hi Mark!
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