00:00It's time for an IQ test for Bloomberg's Joel Weber.
00:03It's good to see whether Scarlett, Eric, and I really know our stuff when it comes to ETFs.
00:07You know Joel is the co-host of the Trillions podcast with Eric also as the head of games at
00:12Bloomberg.
00:13Joel, it's good to see you.
00:14Great to be back.
00:15You know what happened last week?
00:16It was amazing.
00:17It was really good.
00:18And Eric called for a fact check.
00:19Eric, what happened when you did that fact check afterward?
00:21What did we learn?
00:22Okay, I was wrong.
00:23Oh, you were wrong.
00:24It was like a challenge where I lose my time out.
00:26Yeah, yeah.
00:27I was wrong.
00:28I admit it.
00:29Okay.
00:30Humility is good.
00:31Okay, let's see what happens this week.
00:35Your first question is, which market has the largest MSCI emerging market waiting?
00:43Is it A, Brazil, B, China, C, Taiwan, or D, South Korea?
00:49Scarlett.
00:50I mean, once upon a time I know it's B. I'm thinking it is D.
00:57Katie?
00:57I mean, I really want to pick B, but I'll say C.
01:02Eric?
01:03I mean, it has to be B. You're telling me South Korea is bigger than China now?
01:09Let's see it.
01:10I'll say B.
01:11Okay.
01:12Oh, wow.
01:14Isn't that amazing?
01:15Thank you, TSMC.
01:16Eric's wrong again.
01:17We'll fact check.
01:18Yeah.
01:18How is Taiwan bigger than China?
01:20The island of Taiwan.
01:22The time has changed.
01:23Yeah, the time has changed.
01:25Okay, scoreboard.
01:25Eric's down.
01:26Oof.
01:27Let's go to question two.
01:29Question two.
01:30According to South Korea's regulator, what percentage of investors and leveraged ETFs tied to the
01:36country's biggest chip makers are retail?
01:38We actually know this.
01:39Yeah.
01:40Scarlett?
01:41D.
01:41Katie?
01:42It's D.
01:43It's got to be D.
01:43Okay.
01:44It's actually even more than 90% according to them, but D is...
01:48It's 90% plus.
01:49Yes.
01:50There you go.
01:51Okay.
01:51Okay.
01:52Final question.
01:54Small caps are having a banner year.
01:57What percentage of ETF assets are in them?
02:0012%?
02:018%?
02:024%?
02:032%?
02:04I'm going to go with C because I feel like 2% is just way too minimal.
02:08Way too negligible.
02:09Yeah.
02:10Yeah.
02:12The fun ends here because I have no idea, so I'm going to say B just to be slightly
02:16different from Scarlett.
02:18Eric?
02:18I think it's B or C. I'm going to go with C. I think it's really low.
02:224%.
02:22Okay.
02:23Let's see what the answer is.
02:25You got one.
02:26C.
02:26Wow.
02:28Bite your fingernails there.
02:29But was that a guess?
02:31I mean, that was a process of elimination.
02:32It's also way down, right?
02:34It's been historically high.
02:35If it were 8 or 2, I wouldn't be surprised.
02:37I knew it was pretty low.
02:38Well, this is something we talk about all the time that, okay, they're having a banner
02:41year, but you can't get investors to necessarily care about that.
02:44It's because they're not having a banner year where large caps are suffering.
02:48Right.
02:48They need to have a regime change of a couple years, I think, before anybody cares.
02:53It's tough.
02:55Small caps have tough.
02:55Can't get no respect.
02:56Just like this quiz.
02:57How's your ego, Eric?
02:59I'm fine.
02:59Well, my ego is pretty beaten up over the last 20 years.
03:04Okay.
03:04I'm married.
03:06All right, well, of course, we've got more games at Bloomberg.com pointed.
03:11You can play our news quiz where you can play around with things like leverages.
03:15And then, of course, go to Quiz Go on the terminal, and you can play the terminal news quiz as
03:19well.
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