The S&P 500 Index gained less than 0.1 percent over the second-quarter earnings season, the second-worst performance in 4 1/2 years.
The fund gained 6.8 percent on commodities, equities and currencies.
Newcomers are threatening the revenue of S&P, MSCI and FTSE Russell.
The market's four highest performing tech companies have earned their own monicker and our attention.
There are two primary reasons for the protracted decline in both implied and realized volatility.
Assets under management at the fund have declined 13 percent from their peak last September.
A 'melt down' scenario is somehow easier to visualize and rationalize than a 'melt up' scenario.