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Dave Nadig
3:28
(Mostly, honestly, its just a buzzword you should dig WAY beyond).
Samantha S.
3:28
Do you think more ETF issuers will piggyback off Precidian and start offering nontransparent ETFs?
Dave Nadig
3:28
I don't think piggyback is the right word.  I think we'll see a lot of ETF issuers *licensing* the Precidian IP and using it to launch NTA funds.  We already have a half dozen or so we know about.
3:29
The bigger question is whether the SEC will approve one of the competitive structures before Precidian launches and then starts gobbling up market share with theirs.
3:30
It won't necessarily be obvious in a few years who's using precidian or not, any more than you know right now off the top of your head whether you have an intel or AMD chipset in your laptop -- there might be a sticker, but most people will just peel it off and ignore it if the product just works.
OK, sorry I have like 15 questions cued up and I wont get ot them all here.  So let me just cherry pick one.  (incidentally, for some of you who've asked about how to make suggestions or have site-specific questions, you can reach us at support@etf.com)
Brian
3:31
if you had one choice, would you invest in a total equity market ETF (domestic only), or a total world equity market ETF  (globally)? You only get one
Dave Nadig
3:31
This is an easy one, because while I didn't make this choice in an ETF, I did make it a 401k which has a LOT of index funds to choose from.
Global equity ETF, every day of the week.
3:32
US investors are swamped with home bias every where we turn. Our *jobs* have home bias.  Our currency has home bias.  Our investments will default to huge home bias.
SO given the opportunity to get diversified outside the U.S. every investor should take advantage of it.
But great, focusing question Brian.
3:33
That's it for me.  Thanks everyone as always.  Next thursday is a holiday, and I'm off for a week after that, so stay tuned here or on twitter (@DaveNadig) to catch the next one, later in July.
Have a great afternoon! And a great holiday next week!
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