Today's listings (or lack thereof...)

It has to happen from time to time. Today, no new ETFs have listed anywhere in the world. Sad, I know. But there's always news…

Today's ETF news from around the web

ETFs are in a bubble

Opinion piece. "Last year there were 167 new ETFs created. So far there have been 24 new ETFs created this month in just 15 trading days and we are on pace to break last year's record in just the first 9 months of 2017. The similarities to investment trusts in the late-1920's are uncanny."

China drives mining ETFs' success

If you're interested in mining ETFs you have to be interested in China, the world's largest commodity consumer by far. Chinese demand is being held steady by government stimulus, which has given mining ETFs a lift. But this stimulus could slowly fade—particularly for steel, the major component of most miners.

S&P 500 is a momentum strategy

The S&P 500 is a momentum strategy disguised as an index. "One of the reasons the S&P 500 is so hard to beat is because it has a built-in mechanism to let the winners ride by the way it's constructed. By our very nature we have a tendency to hold onto our losers and sell our winners too quickly. The S&P 500 or any systematic strategy doesn't have these same issues holding them back."