Exact(3)
The chief investment office is the arm of the bank that JPMorgan has said it uses to make broad bets to hedge its portfolios of individual holdings, like loans to speculative-grade companies.
For investors who recoil at the thought of paying high management fees to mutual fund companies, yet want the flexibility to make broad bets on the market, another option is exchange-traded funds.
The CIO is an arm of the bank used to make broad bets to hedge its portfolios of individual holdings.
Similar(57)
To make a broad bet on Asia, take a look at some of the low-cost funds specializing in the region, like T. Rowe Price New Asia or Fidelity Southeast Asia.
Fahmy enjoys making broad brushstrokes.
Its legislative recipe makes broad good sense.
But unlike standard funds they can be bought and sold throughout the trading day, so investors can make, or reverse, broad bets quickly, without having to buy dozens of stocks separately.
In the investment style of hedge funds, they may make significant bets on or against broad asset classes or geographic regions, based on macroeconomic factors or social or industrial trends.
Volatile markets have enabled their managers to make big bets and the lower returns of the broader markets finally offer a low benchmark.
Instead of being limited to broad international exposure through mutual funds, we are now free to make specific bets on individual companies, countries and industries.
But in recent years, the most popular ETFs have been a broad range of "funds on steroids" that provide a way to make leveraged bets with 2 or 3 times the "pop" of a simple vanilla index fund.
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