Choose Carefully Before Making a Permanent Move
This month Global X launched a new and unique product Permanent ETF (PERM). I would like to applaud the innovation of the product, but criticize its timidness. First, the good. The product aims to provide an all-inclusive answer to investors who seek diversification and invest in many different asset classes, akin to what the endowments do. The endowments, such as Yale and Harvard, allocate their portfolios to different asset classes, …