If, as even critics concede, CDSs can be a useful hedging instrument, then excluding "naked" buyers would reduce the breadth and depth of the market, putting "legitimate" hedgers at a disadvantage.
The depth of the typical market benefits customers in at least two ways.
Brandes also provides some more in-depth analysis of emerging market fund concentration.
FORBES: Emerging Markets Offer Diversification, But Not Through ETFs
The subterfuge of using different brokerage firms and multiple customer accounts is to give the false impression of increased market interest and depth, and to hide the true identities of the manipulators.
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In effect, this would eliminate the depth of the hair-cutting market.
As I discussed on Thursday in an in-depth technical review of the stock market, there are no signs yet that this anything more than a correction within the uptrend from the March 2009 lows.
There is no real substitute for them in terms of liquidity and market depth.
Robert Green, CEO of GreenTraderTax.com, argues strongly that since ETFs trade intraday and have different levels of liquidity and market depth, they are not at all substantially identical to mutual funds, which are priced and sold daily.
The government's returns largely reflect market illiquidity during the depth of the panic in 2008.
The founders of emerging-market firms are often impressive, but such firms typically lack the depth of management talent of old multinationals, says Mr Hout.
According to Corroon, one of the distinctive features of the current market is its depth and breadth.
If our potential entrepreneur were to follow the typical reasoning governing risk, he would do in-depth research to estimate not only the size of the market, but also all the risks he might face (competitors, changing market conditions, etc.).
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If our potential entrepreneur were to follow the typical reasoning governing risk we have all been taught, he would do in-depth research to estimate not only the size of the market, but also all the risks and challenges he might face (competitors, changing market conditions, etc.).
Most individual investors can't duplicate the breadth and depth of a large mutual fund's holdings, creating a huge market for mutual funds.
The 500-stock index, considered a better harbinger of the U.S. market thanks to its breadth and depth, closed at 1, 569 Thursday, up 0.4% on the day and 10% for the first three months of 2013.
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Yes, you can get some of this from general news, but a dedicated business magazine often has more in-depth market analysis and insight.
As a result, investors would be wise to let recent market volatility serve as a reminder to revisit their asset allocation strategies to ensure that they have the depth of asset classes and sectors in their portfolios to provide the diversification necessary to help navigate uncertain, and likely turbulent, markets going forward.
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