Each morning, Dennis Gartman rises insanely early to pen one of the most respected investment newsletters in the world. Here, his thoughts on whether it makes sense to own bonds at all in the current market, why there will soon be an outflow from...
Unlike emerging-market mutual funds, ETFs don’t have the option of holding cash, so if they get outflows, they have to sell the underlying bonds in the index they track.
European equity ETF inflows abruptly slowed to less than 1 percent of assets in the wake of ECB head Mario Draghi’s hint at a reduction in stimulus. Buying interest has shifted to emerging-market equities.