00:00It is time now for the IQ test where we really know our stuff when it comes to ETFs, but
00:04we're going to make sure that these guys
00:06and Eric, you called it nerd versus nerd versus nerd. There's the answer to all right. Joel Weber is off
00:11today, so I get to do the
00:12honors. And of course, let's put our panel to the questions now. Let's check out the first question here in
00:20our IQ test.
00:21It is which non equity ETF has the most outflows so far this year. Number one, GLD, the gold shares.
00:28Number two or B, SLV
00:29iShares Silver Trust. C is TLT, the 20 plus year treasury bond ETF. And D is the US dollar high
00:37yield corporate bond ETF, HYG.
00:41Athanasios, what do you think? That's a good one. I'm going to go with A.
00:44A. All right. It can't be gold, right? I mean, I'm going to go with HYG.
00:52Okay, Isabel, HYG. Eric? It's between A and B and I got to go A too.
00:57Really? Okay. Let's check out the answer. It is C, TLT. Thank goodness. I'm just happy that they didn't get
01:05it. That's all I'm happy about.
01:06TLT hardly ever sees outflows. I don't know what's going on there.
01:10That's interesting. I'm bringing everyone down. Good cue. All right. Next question. Let's bring up the board. Dimensional's newest ETF,
01:17DFMC, that's the ticker, recently began trading as a share class of a mutual fund.
01:21What does the MC actually stand for? A. Micro cap. B. Market cap. C. Mutual class. D. Managed core. D.
01:33That's the one.
01:33You're supposed to go when you're, yeah. Did you just yell them out? There's a lot of conviction.
01:37I said it's a conviction. Buzzers, I guess. I'll go with A. I think it's micro cap.
01:41Okay. Eric? What's your guess? You can go first. D? She picked D. The answer is A. This one's easy.
01:48Oh, okay. The answer is A. Let's check. The answer is A.
01:52Isabel, maybe just take a pause for the next one. All right. I'm going to win the next one. Go
01:56with your second answer. All right. Let's go for the last one.
01:59Europe has its own big three for ETFs. Who ranks fourth in assets under management? A. UBS. B. Spider. C.
02:07Vanguard. D. Amundi.
02:11And then, Asios, you were in London for a while. Yeah, I should know this. It's embarrassing. I think it's
02:15UBS. I think it's A.
02:16Okay. Isabel? Has anyone gotten zero in this test? I have. Yes.
02:20Okay. I'm going to go with... I haven't picked C at all. So I'm going to... No, not Vanguard. Amundi.
02:30D. Eric, give me a... Don't look at the pause.
02:33Blink once if you say yes. Okay. What is it going to be? D. Eric? I'll join her with D.
02:39Okay. And the answer is... It's C. It's Vanguard.
02:44But A is highlighted. No, it should be Vanguard.
02:48Vanguard. Okay. It's C. Okay. That's a mistake. It is Vanguard. You almost got it.
02:52I almost got it. You did. Yeah. You doubted yourself. You didn't need to doubt yourself.
02:56Eric said... He twitched his eye.
02:59So are we tied here? Unrelated. Unrelated.
03:01I know we're tied. I'm zero. Everyone got an answer.
03:03Yeah. Yeah. I'm zero though. Those are good questions.
03:05Okay. Those were very good. Yeah. Joel Webber stumped us all.
03:08All right.
03:08I'm zero though.
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