Capital Markets

The real risk may not be leverage itself, but whether the underlying securities can absorb the hedging and rebalancing pressure during periods of stress.

The difference between a good ETF investment and a bad one may come down to how you execute the trade.

Most investors judge an ETF by its average daily volume. They may be looking at the wrong metric.

The ETF industry's tax efficiency has been a major advantage for decades. The question is whether aggressive innovation could put it at risk.

Some of the most important ETF launch decisions happen before the first document is filed.

The most important question about an ETF isn't how it performed. It's what it was designed to accomplish.

Innovation doesn't end with product design. It depends on the market-making ecosystem that turns ideas into tradable ETFs.

The metrics that defined yesterday's ETFs may not be the ones that matter most today.

The SpaceX IPO may have revealed a new ETF trade, one that lets temporary capital capture scarce IPO allocations at the expense of long-term shareholders.