The ETF Market Kind Of Broke Yesterday

The ETF Market Kind Of Broke Yesterday

Yesterday’s big selloff exposed a weakness in one of Wall Street’s darling products, Exchange Traded Funds (ETFs), the FT reports, and no one really saw it coming.

ETFs are a baskets of goods that can be traded like a single asset. They’ve become really popular on the Street over the last decade to the point where you can buy an ETF of almost anything — gold, kinds of companies, groups of countries (like emerging markets)… the list goes on.

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Read more: http://www.businessinsider.com/etfs-hurt-in-bond-selloff-2013-6#ixzz2WsBu8iqH

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