Trang Ho, a reporter for Investor's Business Daily, wrote an article on ETRACS Fisher-Gartman Risk On ETN (ONN) and ETRACS Fisher-Gartman Risk Off ETN (OFF). The objective of the funds is to track the daily and daily inverse returns of the Fisher-Gartman Risk Index. Trang reaches out to Ron for some insight.

"I don't think (ONN/OFF) would have been good vehicles during the 1990s, when 'risk on' was defined by technology, and commodities were being shunned," said Ron Rowland, founder of All Star Investors in Austin, Texas. "Likewise, the 'risk on' trade five or 10 years down the road will likely consist of different market categories or sectors."