Boston-based quant shop, ClearStream Investments, says the top four BRIC exchange traded funds are duds short-term.
FORBES: BRIC ETFs Unattractive, Says ClearStream Investments "Black Box"
Euroclear, an independent rival, is bank-owned, and many would like to merge it with Clearstream.
ClearStream has been rotating in and out of the emerging market ETFs all year with quick trades.
FORBES: Emerging Markets Back On The Buy List...But For How Long?
If ClearStream sold out on Wednesday and never got back in, it picked a bad time to leave.
Clearstream is also at the centre of a duller, but maybe more important, controversy: how many clearers does Europe need?
Boston boutique quant shop ClearStream Investments rotated out of its preferred equity exchange traded funds after market close last Wednesday and move into cash.
Last week, the black box investors at Boston quant fund ClearStream Investments said the big emerging market exchange traded funds were all a buy.
It all depends on the models, says ClearStream CEO Rohit Vohra.
FORBES: BRIC ETFs Unattractive, Says ClearStream Investments "Black Box"
Less obvious is which way the Luxembourg-based Clearstream will jump.
All the same, prosecutors in Luxembourg, Clearstream's base, are investigating.
Then, a book alleged that Clearstream had been laundering money.
The wizard inside the black box over at Boston quant shop ClearStream Investments has opted in to emerging market exchange traded funds after being cash only for nearly a month.
Once again, the wise black box run by the investment managers at ClearStream said Monday that by their analysis of the emerging markets, it is best to be in cash.
FORBES: In a Schizo Market, the "Black Box" Says Stick to Cash
The black box investment strategy over at ClearStream has been as volatile as the markets, with the investment model moving quickly in and out of the big emerging market ETFs, gold and oil all summer.
And after merging its clearing unit with Cedel last year, it hopes that Clearstream, the new entity, will become Europe's clearing house of choice, though it still faces competition from Euroclear, which last week leapt into bed with Sicovam, France's settlement system.
The quant fund model over at ClearStream Investments in Boston has been buying in and out of the big emerging markets for the last month, but never convinced to hold onto those equities packed in the popular exchange traded funds for longer than a couple of weeks, tops.
FORBES: In a Schizo Market, the "Black Box" Says Stick to Cash
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