A wild ride for bond markets since the U.S. election has re-ignited concern about a liquidity crunch in parts of the exchange-traded funds market, home to a small but fast-growing slice of global assets.
The biggest gold producers in the world have seen their share prices double this year. Not only are gold prices soaring, but producers are cutting costs and slimming down debt as they pave the way for gold to return to the top of the favored commodities list.
Shares of small companies have always traded at a premium on Wall Street, where investors have historically been rewarded for taking chances on the sometimes high-flying stocks. But traders complain that the risks are getting higher and the rewards harder to reap as fewer small companies come to market and investors throw money at them almost indiscriminately via index-following exchange traded funds.