Hey Robinhood (@RobinhoodApp), by the time you see this, when the sun rises on the NYSE, you'll be too late - just like how $Futu just ate your lunch. Hey @SteveQuirk_ , Giddy up. https://t.co/ELBL20key5
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$BUZZ looks like it will end up close to $500m traded on Day One. Easily the most ever for a non-inst-seeded ETF, about double what $GLD did. For context, here is a look at how it compares to the five other ETFs that launched this week which incl some big names eg Fidelity, JPM.
"During the week of March 9, as the going got tougher, many ETFs saw their prices come unmoored from their NAVs."
$FXI is always unmoored. Its basket trades in HongKong.
The time to trade it is during the US night.
Amazing to see China's equity ETF $ASHR above its 50-DMA and rising while the rest of the world is basically as oversold as it gets. https://t.co/H4p1RcGQzV
NOTE: It actually ended up being $128b, wow. Also, ETFs as a whole traded $414b, 4x their avg, blows away old record. They also accounted for 43% of all equity trading volume today, normally it's about 25%..
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$FXI has a basket of stocks which trade in Hong Kong, yet it trades $2 billion per day in New York.
Hmmm.
Seems better to trade it when the basket is open.
Here's a look at only owning $QQQ after hours vs. regular trading hours over the last 10 years. Buying at the close and selling at the next open has trounced buying at the open and selling at the close. https://t.co/H4p1RcpfIn
"...every investor should diversify geographically, and the U.S. market is particularly attractive as it is the largest, most liquid and most transparent market in the world."
Provided the market is open. Is it open during the India #trading day?
Now it is.
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@FTI_US@libertyshares ...more efficient, yeah, provided the basket is open on its exchange during the hours the #ETF is open.
$FXI trades $2b a day on the NYSE during the US day with ZERO NAV clarity.
Seems the time to trade it - and the Market Makers will - from 8pm to 0400am New York time.