Andrew Herdman's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/1445/comments http://seekingalpha.com/article/32020/comments?source=feed#comment-84184 84184 Fri, 13 Apr 2007 01:05:15 -0400 http://seekingalpha.com/article/17023/comments?source=feed#comment-64540 64540 Mon, 18 Sep 2006 06:08:23 -0400 http://seekingalpha.com/article/16899/comments?source=feed#comment-63915 63915 Thu, 14 Sep 2006 23:46:11 -0400 http://seekingalpha.com/article/15799/comments?source=feed#comment-60062 60062 Tue, 22 Aug 2006 22:37:19 -0400 http://seekingalpha.com/article/15069/comments?source=feed#comment-56762 56762
In any case, US investors wanting to hedge US dollar currency risk in their portfolios would be better advised to invest in non-US stocks and bonds rather than foreign cash deposits.]]> Tue, 08 Aug 2006 00:58:02 -0400
In any case, US investors wanting to hedge US dollar currency risk in their portfolios would be better advised to invest in non-US stocks and bonds rather than foreign cash deposits.]]> http://seekingalpha.com/article/12296/comments?source=feed#comment-52407 52407
As for DFA's reluctance to offer ETF's, Vanguard were similarly reluctant to embrace the ETF model but now offer VIPERS. Interestingly I saw an article recently penned by a couple of DFA directors complaining that index mutual funds are disadvantaged in capital gains tax terms compared to ETF's and seeking equivalent tax treatment. As you note, DFA's business model for retail investors is built around selected IFA's charging an additional management fee, partly on the basis of gaining exclusive access to DFA funds. Offering ETF's would make DFA funds available to all, so would require some changes to their distribution model. But I would not be surprised if DFA were to also join the ETF bandwagon.

Meanwhile, keep an eye out for iPath Exchange Traded Notes from BGI, perhaps the start of another wave.
Andy Herdman]]> Thu, 22 Jun 2006 07:19:07 -0400
As for DFA's reluctance to offer ETF's, Vanguard were similarly reluctant to embrace the ETF model but now offer VIPERS. Interestingly I saw an article recently penned by a couple of DFA directors complaining that index mutual funds are disadvantaged in capital gains tax terms compared to ETF's and seeking equivalent tax treatment. As you note, DFA's business model for retail investors is built around selected IFA's charging an additional management fee, partly on the basis of gaining exclusive access to DFA funds. Offering ETF's would make DFA funds available to all, so would require some changes to their distribution model. But I would not be surprised if DFA were to also join the ETF bandwagon.

Meanwhile, keep an eye out for iPath Exchange Traded Notes from BGI, perhaps the start of another wave.
Andy Herdman]]> http://seekingalpha.com/article/12387/comments?source=feed#comment-52406 52406 www.indexuniverse.com/...;id=1481

Andy Herdman]]> Thu, 22 Jun 2006 06:47:05 -0400 www.indexuniverse.com/...;id=1481

Andy Herdman]]> http://seekingalpha.com/article/12384/comments?source=feed#comment-52405 52405 www.indexuniverse.com/ does a pretty good job of keeping up with new ETF developments. Interesting article today on iPath Exchange Traded Notes by Matthew Hougan, about two new commodity index trackers from BGI, but structured as financial derivatives rather than redeemable ETF's. See
www.indexuniverse.com/...;id=1481

Andy Herdman]]> Thu, 22 Jun 2006 06:39:42 -0400 www.indexuniverse.com/ does a pretty good job of keeping up with new ETF developments. Interesting article today on iPath Exchange Traded Notes by Matthew Hougan, about two new commodity index trackers from BGI, but structured as financial derivatives rather than redeemable ETF's. See
www.indexuniverse.com/...;id=1481

Andy Herdman]]>