This is a summary of links featured on Quantocracy on Thursday, 03/30/2023. To see our most recent links, visit the Quant Mashup. Read on readers!
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Investing & Unintended Consequences [Finominal]Simple equity ETFs often have exposures to other asset classes Gold stocks are bond proxies & growth stocks are short commodities Investors may have unintended bets in their portfolios INTRODUCTION ETFs used to be like surgical instruments. StateStreets SPY tracks the stocks of the S&P 500, iShares AGG the universe of US investment-grade bonds, and so on. Investors knew exactly what