Asks how ETF investors trade big macro geopolitical events based on historical flows.
Katie Greifeld
Anna Paglia
Geopolitical landscape different now; US less oil dependent. Sector ETFs like energy, aerospace/defense, oil & gas tend to outperform short-term then normalize medium to long term.
Uses ETF volumes as fear gauge: XLE volume 218% over norm, GLD 35% over norm, Israeli ETF 480% over norm while SPY normal.
Eric Balchunas
Anna Paglia
Agrees; investors reacting with fear and opportunity. SPY neutral reflects confidence in US markets. Energy and gold see short-term gain opportunities.
Asks about due diligence for private credit ETF amid fears of bad loans.
Katie Greifeld
Anna Paglia
Private credit requires handling with care; quality and selection matter. Portfolio has =80% investment grade assets focused on quality, liquidity, price discovery, transparency.