Credit Suisse's head of trading strategy, Phil Mackintosh, gave the keynote speech at a the Journal of Indexes board meeting at Nasdaq MarketSite, reported Barrons Brendan Conway. Mackintosh explained that hedge funds own a surprisingly large number of ETFs because they're better trading vehicles than the underlying markets.

Examining problems with underlying markets has been a topic many experts and financial gurus have touched on this week, as ETF investors experienced plummeting fund shares., barons wrote. Deeply liquid investments are getting attention because of the ETF selloff following Ben Bernanke's announcement of a slightly more specific timeline on interest rate tapering.

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Edited by: Casey Quinlan


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