“Not only are we seeing more volatility, but it is more concentrated into deeper and more severe losses; the kind that can be catastrophic and potentially life-altering for investors,” Cook said. “I believe an investment strategy needs to acknowledge and anticipate volatility.”
Due diligence to understand an ETF’s holdings is even more important now when considering broad-based emerging market ETFs, says Chris Cook, president of Beacon Capital Management.
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“Everyone is trying to figure out what will ultimately happen. Will tariffs kick in this evening?” said Chris Cook, president and CEO at Beacon Capital Management. “Markets are begging for good news, any glimmer that things are not blowing up.”
It’s been a painful week for a clutch of exchange-traded funds run by Vanguard Group Inc. Three of its bond ETFs lost a total of $1.4 billion in a single day as one large trader, Beacon Capital Management, decided to sell.
“Everything is all over the map. Investors are trying to find some kind of direction,” said Chris Cook, founder and president of Beacon Capital Management. “But it’s almost as if there’s a buffet of things to worry about.”
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