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Dave Nadig
3:00
Good afternoon! Welcome to ETF.com Live!
You can ask questions in the box below, and I'll get to as many as I can in the next half hour.
We'll post an archive when we're all done, in case you have to hop.
3:01
And I'll cut off the question that seems to come every time: here's today's playlist for my speedtyping: https://open.spotify.com/user/spotify/playlist/37i9dQZF1DXa6YOhGMjjgx?...
Let's start with Todd:
Todd Rosenbluth- CFRA Research
3:01
Hi Dave. Given the recent NY editorial from an SEC commission on index funds can you remind us all when the “ETF rule” is supposed to be finalized. Thanks.
Dave Nadig
3:02
First things first: the note todd's talking about was very nicely rebutted by Todd on our pages and for his clients here:
And it was a pretty wooly headed piece of reasoning about why index funds are somehow non-transparent (not Todd's piece, the NYT piece).
3:03
I do think this is a topic that's not going to die, although I don't think the transparency of methodology issue is one with any legs.
I think corporate governance (how big managers vote their holdings) will be the touchpoint.
And I don't think the index providers will get regulated -- it will be investment managers.
3:04
After all, anyone can publish an index.  THe question is "then what."
As for the SEC rule: well, it came out of comment period around the end of the year.
From there, it's always a mystery what the SEC will do next.  Theoretically they could have voted on the proposed text that day and poof, it would happen.
3:05
I suspect we'll see a revised rule from the SEC in the second quarter, and that will kick another comment period.  But I still think its reasonable we have something actually done in calendar 2019.
Rerun
3:06
Is there an ETF that can give you a 60/40 mix of stocks and bonds, kind of a one-stop ETF that is simple for someone w/o an advisor?
Dave Nadig
3:06
So, that's a surprisingly good question.  THere are a few "onestop shop" type products out there, but none maybe as simple as you're looking for.
3:07
Probably the cleanest answer are the  "target risk" type strategies, of which there are a few.
Check out something like the iShares products though.  Here's the "moderate" one:
3:08
If you go through our screener, you can find a pretty decent list.  Also this covers a lot of the bases as well:
You will notice a lot of those asset allocation ETFs are quite specifically targeting income, however, which is usually through a combination of dividend stocks and bonds.
3:09
Another place I'd look is to the Cambria family.
They offer both a global asset allocation fund (GAA) and the Trinity ETF (TRTY) which I think are good runs at this problem.
3:10
You could also look towards a roboadvisor like betterment, wealthfront, or Schwab/Vanguard's offerings.
They are another way to approach the "advisorless" problem.
SM
3:10
hi dave - any chance you can send us a link of the state of the etf union presentation from the inside etfs conference? everyone wants to know more about direct indexing.
Dave Nadig
3:11
Thanks for asking! But sadly I haven't put up a "storified" version of it yet, and I don't think Inside ETFs releases the videos.
But have no fear, I will be writing a bunch more about it.
And there was a lot of coverage coming out of the event as well.
Anon
3:12
Do market timing ETFs actually work?
Dave Nadig
3:12
So, by market timing etfs, I assume you mean those that switch between market exposure and bonds or a cash position
To me the poster child for these strategies is PTLC
from Pacer.
3:13
It basically just implements a fairly textbook 200 day moving average strategy
(that is, buy when momentum is going up, sell when it turns the other way and trades below the average)
People have been running that strategy for decades, and some people swear by it.
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