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By that logic, S&P 500 ETFs would be 'derivatives' too. (They're not.)
by aianus 11y ago
By that logic, S&P 500 ETFs would be 'derivatives' too.
(They're not.)
- joncooper 11y agohttps://en.wikipedia.org/wiki/Asset-backed_security https://en.wikipedia.org/wiki/Asset-backed_security
- vostok 10y agoI guess it depends on your definition. It would seem that, from a layman's perspective, ETFs and ABSs are both derivatives. If we look at GGP's comment > Buy up crap, package and obfuscate it, then sell it off as "high quality" crap to investors desperate for yield.