Am I right in thinking that this is an ETF which invests in a basket of ETFs… all of which invest in stocks?
I thought ETFs were unsafe as it is…this is dark.
I can understand stock market ETFs… e.g. the MSCI China ETF which invests in a basket of stocks in the index.
Products like commodity ETFs are so dark. They are essentially a basket of commodities and options.
Things like this really remind me of the credit products being pushed during the boom… Collateralized Debt Obligations
Any I will reframe from any doctor doom stuff and simply say…
I will be avoiding MIND!