Should investors be worried about an ETF bubble?

This problem is even more pronounced in markets or sectors that are inefficient and don’t have a great deal of liquidity, such as emerging markets.Mark Fitzgerald of ETF provider Vanguard says his concern lies in the increasing numbers of ETFs being launched that provide access to niche areas of a market or asset class. “While these may play a role in some portfolios, most investors are better served by well-diversified investments.”So what could happen if there was a stampede of people wanting to exit an ETF at the same time? Seager-Scott says ETFs should have the same protective options that most other open-ended funds have, and would therefore be able to pause trading if there was a surge of people looking to cash-in their investments.We saw a clear case of this in the UK when several commercial property funds were forced to suspend trading when thousands of investors panicked after the Brexit vote and rushed to redeem their cash.So investors should only start to worry if flows into ETFs rise to levels that swamp the market, which could dumb down the market, and skew the price of companies so much so that they have no reflection of their true value. Though this might be good news for active managers, who will find it easier to cherry-pick the value companies.Ultimately, the question is not whether we should be worried about an ETF bubble, but whether we are close to a tipping point that could end the market’s bull run.Anyone with a nervous disposition should already be reducing their risk investments, particularly where you’ve scooped up handsome profits. Tuesday 29 August 2017 11:27 am Katherine Denham whatsapp Exchange-traded funds (ETFs) have stormed the markets in recent years, which is hardly surprising when you consider the shedload of criticism the active management industry has faced over its failure to provide value.It’s clear that investors have been turning their backs on mutual funds and flocking to cheaper passive products – like ETFs – instead. Figures from research firm ETFGI show that ETFs have reached a new record, with flows swelling to $391bn in the first seven months of this year, already overtaking the new assets gathered throughout the whole of 2016. The other question is whether investors are simply putting too much money in the stockmarket. Kathleen Brooks from CityIndex points out that ETFs are merely the conduit of capital flows, meaning an exchange-traded fund is one instrument investors use to tap the stockmarket.Asking whether ETFs are a specific cause for great concern is like asking whether mutual funds are a specific cause for concern, adds Seager-Scott.So perhaps it’s not the ETFs themselves that are pushing prices higher, but rather the attractiveness of the bull market, helped by record low interest rates.As for liquidity, the big factor that attracts investors to ETFs is the ability to buy and sells shares at any point during the trading day.But investors need to remember that the liquidity of a fund is going to be limited by the underlying holdings – meaning there could be a potential mismatch between the illiquidity of the assets and the structure of the product. whatsapp Should investors be worried about an ETF bubble? More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeManuka FeedIf You Have a Joint Pain Use This RemedyManuka FeedNutrition ExplainedTop 11 Cancer Causing FoodsNutrition ExplainedYahoo! SearchSearch For Hidden GPS Tracker For Cars, Track Your Car/Truck Location Real TimeYahoo! SearchLux & LushA 200-Year-Old Canal Was Drained. Photos Show What Was at the BottomLux & LushSenior Living | Search AdsSenior Living Homes in Scottsdale May Surprise YouSenior Living | Search AdsBedtimezBaby Keeps Waking Up With Scratches, Mom Checks Camera And Calls CopsBedtimezWeniixTop 5 best super sports cars 2021 – WENIIXWeniixfinguide.infoTop 10 fastest motorcycles in the worldfinguide.infoPlays StarEasy Hacks That Would Make Your Life EasierPlays Star He argues that this irrationality is clear in the current ETF market, with investors ignoring the “extraordinary overvaluation” of the underlying holdings, failing to discriminate within sectors, and making no attempt to identify quality companies.Perhaps – most worryingly – is investors are wrongly assuming that low charges and rising markets mean ETF products are low risk.“This is the antithesis of rational investing, and when ETFs dominate day-to-day trading, it’s clear that there is a mania now in place.”But perhaps it’s not passive products that are the real problem here.While money is clearly flooding into ETFs, they still only account for a small portion of the global market. Therefore flows haven’t hit such a level that they would cause distortions in the markets. Ben Seager-Scott, chief investment strategist at the Tilney Group, says there are still plenty of active managers who are able to exploit mispricing opportunities. Share So yes, ETFs have been gaining traction, which is positive news for investors who have been let down by expensive poor-performing active funds. But the rapid pace of growth is also causing concern, with various speculators warning that the huge amounts of money piling into ETFs is creating a stockmarket bubble.The worry is that ETFs are inflating asset prices, and that the liquidity provided by these products – which is what makes them attractive to investors – has never really been put to the test in a market crash. This was voiced by Oaktree Capital’s Howard Marks, who told the Financial Times that managing assets “on autopilot” causes investment trends to reach excessive levels.According to Brian Dennehy of Fund Expert, ETFs are now responsible for a huge 50 per cent of daily trading in the US, while the average holding period for the largest ETF tracking the US stock market amounts to just 12 days.“That has nothing to do with investing – that is speculation,” he says, warning that ETFs encourage manic buying and selling.The financial adviser explains that “irrationality is the essential element which distinguishes a bubble from a mere boom”. read more

Boris Johnson ‘absolutely’ rules out pre-Brexit general election

first_img Boris Johnson ‘absolutely’ rules out pre-Brexit general election Britain’s Prime Minister Boris Johnson gestures as he speaks during his visit to the West Midlands Police Learning & Development Centre in Birmingham, central England on July 26, 2019. – Johnson pledged to start recruiting 20,000 new police officers as one of a number of anouncements on his government’s domestic policy agenda during his debut statement in the House of Commons as Prime Minister on July 25. Meanwhile, Johnson has deliberately set Britain on a “collision course” with the EU over Brexit negotiations, Ireland’s foreign minister was quoted as saying on Friday. (Photo by TOBY MELVILLE / POOL / AFP) (Photo credit should read TOBY MELVILLE/AFP/Getty Images) whatsapp Tobias Ellwood committed to supporting Johnson as a backbench MP following his dismissal as defence minister, and pledged to continue fighting for further spending on defence. whatsapp “What they want us to do is deliver on their mandate to come out of the EU,” he said at a speech in Birmingham.  The new Prime Minister has continued to make a number of changes to lower-ranked jobs since he began overhaul of the cabinet on Wednesday, following his appointment as Tory leader. When questioned whether he could assure there would be no election prior to the UK leaving the European Union at the end of October, Johnson said: “absolutely”. Share It comes as Johnson continues his upheaval of the cabinet, appointing a number of new ministers. Saturday 27 July 2019 12:50 pm “We want to, and we are going to, deliver on the mandate of the people, which is to take the UK out of the EU whole and entire on 31 October,” he added.  Read more: Ireland foreign minister hits out at Boris Johnson’s “unhelpful” Brexi approach More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comConnecticut man dies after crashing Harley into live bearnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeUnderstand Solar$0 Down Solar in Scottsdale. How Much Can You Save? Try Our Free Solar Calculator Now.Understand SolarPsoriatic Arthritis | Search AdsWhat Is Psoriatic Arthritis? See Signs (Some Symptoms May Surprise)Psoriatic Arthritis | Search Adsbonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryGraber BlindsWindow Treatments So Sophisticated, It’s Hard to Believe They’re so AffordableGraber BlindsBest Selling Grills | Search AdsTraeger Blaze & American Grills On SaleBest Selling Grills | Search AdsZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinition John Glen remains in post as economic secretary to the Treasury and City minister. Read more: Johnson pledges funding for high-speed rail route between Leeds and Manchester Boris Johnson has ruled out calling a general election prior to the Brexit deadline of 31 October. Among the changes yesterday, Nick Hurd was appointed as Northern Ireland minister, George Freeman has been given a transport brief, and Michael Ellis is the new solicitor general.  Michael Searles The Prime Minister said voters did not want to return to the polls for another general election or referendum until the mandate had been completed. Tags: Boris Johnson Brexitlast_img read more

Hughes to replace Dunleavy on Senate Finance Committee

first_imgPolitics | Southcentral | State GovernmentHughes to replace Dunleavy on Senate Finance CommitteeApril 11, 2017 by Andrew Kitchenman, KTOO and Alaska Public Media Share:Majority Leader Peter Micciche, R-Soldotna, Sen. Mike Dunleavy, R-Wasilla, and Sen. Shelley Hughes, R-Palmer, (left to right) talk during an at-ease on the Senate Floor, on April 6. Hughes is set to replace Dunleavy on the Senate Finance Committee. (Photo by Skip Gray/360 North)When Sen. Mike Dunleavy left the Senate majority last week, he knew it meant he would lose some of his official positions of power.The Wasilla Republican found out what the fallout is likely to be Tuesday.The Senate Committee on Committees recommended that he lose two committee seats. The Senate is likely to make the changes Wednesday.If the Senate approves, then Dunleavy would lose his seat on the powerful Senate Finance Committee, and his seat as chairman of the Senate State Affairs Committee.Palmer Republican Shelley Hughes would replace Dunleavy on Finance.And Anchorage Republican Kevin Meyer replaces Dunleavy as chairman of State Affairs.Kodiak Republican Gary Stevens would replace Hughes as the Education chair.Dunleavy would gain a seat on the Judiciary Committee.Dunleavy left the caucus in order to oppose the budget. He called for maintaining Permanent Fund dividends and making deeper budget cuts.Share this story:last_img read more

Alaska reports 13 new coronavirus cases, largest new case count for several weeks

first_imgCoronavirus | Juneau | North Slope | SouthcentralAlaska reports 13 new coronavirus cases, largest new case count for several weeksMay 28, 2020 by Andrew Kitchenman, KTOO and Alaska Public Media Share:Screenshot from the Alaska Department of Health and Social Services COVID-19 dashboard, taken on May 28, 2020, showing a spike in confirmed cases in Alaska on May 27. (Data from https://coronavirus-response-alaska-dhss.hub.arcgis.com/)There were 13 new confirmed cases of the coronavirus on Wednesday. That’s the most new cases for one day since mid-April, according to the state Department of Health and Social Services.The increase was driven by seven new cases in the Kenai Peninsula Borough. There also were four in Anchorage, one in Juneau and the first case in the North Slope Borough.All of the cases announced today, including the Kenai cases, are still under investigation, a department spokesperson said.The state began easing health mandates on April 24, with businesses allowed to return to full capacity on  May 22.There were no changes in the 10 deaths, 46 hospitalizations and 17 cases from people who live outside of the state. The number of recoveries increased by four, to 366. And the number of test results reported increased by 1,607, to 47,970.The last day with a larger increase in confirmed cases was April 11, when 15 cases were reported. The largest single reported increase was 22, on April 6.Note: This story has been corrected to reflect the fact that the highest number of cases reported in one day was 22, on April 6.Share this story:last_img read more

David Cameron says he will stop the welfare merry-go-round

first_imgMonday 22 June 2015 9:02 pm Express KCS whatsapp Show Comments ▼ whatsapp Prime Minister David Cameron has vowed to end what he called the “ridiculous merry-go-round” of taxing low earners only to give them generous welfare handouts. Speaking at a school in Cheshire, the Prime Minister said yesterday: “We need to move from a low wage, high tax, high welfare society to a higher wage, lower tax, lower welfare society.” Cameron’s comments came just one day after chancellor George Osborne and work and pensions secretary Iain Duncan Smith announced their intention to push ahead with plans to cut £12bn a year in welfare spending. Osborne said on Sunday the government would deliver on its campaign promise to reduce the benefit cap from £26,000 to £23,000, adding that further details about changes to in-work benefits would come in the summer budget next month. The opposition attacked the government’s positions yesterday, with shadow chancellor Chris Leslie demanding the PM specify the exact cuts he is proposing, saying he “concealed his proposals from public view throughout the election campaign”. “It is time for him to spell them out and let people judge whether or not they are fair,” Leslie said.  More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com David Cameron says he will stop the welfare merry-go-round Share Tags: David Cameron Peoplelast_img read more

Collier County Fair might have a new home, leaving some residents concerned

first_imgAdvertisement He called this a surprise. “We did not know that would be an issue. Every time we’ve had a hurricane, the county is always able to find a place to store the debris.”Some locals, like Karen Dweyer, call it a bad idea. “We don’t need to turn our rural lands into incinerators,” she said, “We need to chip the debris at current facilities and spread it around.”The timeline for when the Collier Fair would move is unclear, but a representative said it could take up to 5 years. The 2021 Collier Fair is still on schedule for March 18th-28th.  Collier County fair kicks off Thursday with enhanced sanitation March 19, 2021 COLLIER COUNTY, Fla.–The Collier Fairgrounds might soon have a new home next to a hurricane debris dumping site. Yesterday, Collier County Commissioners approved the purchase of a 1,046 acre lot on the southeast corner or Oil Well and Camp Keais Road. After the agenda was posted Friday, some Golden Gate Estates Residents were surprised. Michael Ramsey, President of the Golden Gate Estates Area Civic Association said, RELATEDTOPICS AdvertisementTags: collier county faircenter_img AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments Advertisement“The Estates residents were very concerned with this issue because if the Collier County Fairgrounds moved to a new location, what would be the new activity at the existing location.” At this time, it is unknown what the replacement might be.The County does have a vision for the new lot to serve as a new-and-improved fairgrounds location as well as hurricane debris management, horticultural processing, even workforce housing location. AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Advertisementlast_img read more

Cabinet Approves Appointments to Several Boards

first_imgRelatedCabinet Approves Appointments to Several Boards RelatedCabinet Approves Appointments to Several Boards Advertisements RelatedCabinet Approves Appointments to Several Boardscenter_img Cabinet Approves Appointments to Several Boards UncategorizedDecember 20, 2007 FacebookTwitterWhatsAppEmail President of Northern Caribbean University (NCU), Dr. Herbert Thompson, has been re-appointed Chairman of the Board of the Universal Access Fund Company Limited.His is one of a number of appointments to the Boards of government entities, which Minister of Information, Culture, Youth & Sports, Olivia Grange said has been approved by the Cabinet.Speaking at Wednesday’s (December 19) post-Cabinet media briefing at Jamaica House, Miss Grange said the other members of the Board are: Permanent Secretary in the Ministry of Energy, Mining & Telecommunications, Dr. Jean Dixon; Christine Marzouca; Mark Hall; Nigel Henry, and Managing Director, Hugh Cross. They were appointed with effect from December 3 and would serve for two years, Minister Grange advised.The Fund is the government entity with responsibility for collecting levies on incoming international calls. The revenue generated is designated for the implementation of the e-learning project, designed to enhance the education process through information technology.Dr. Thompson, who is serving his second stint as Chairman, was first appointed in May 2006.Miss Grange said Mike Fennell has also been re-appointed as Chairman of Independence Park Limited (IPL), the organization which manages the facilities at the National Stadium, National Arena, and National Indoor Sports Centre.Mr. Fennell, who is President of the Jamaica Olympic Association (JOA) and Chairman of the Commonwealth Games Federation, has chaired IPL since its inception in 2003.Other appointments to sporting bodies are: David Mais, who assumes the Chairmanship of the Sports Development Foundation (SDF) as well as Silvera Castro who has been added to the Board of the Institute of Sports (INSPORT).last_img read more

New Fisheries Station Delivers Improved Coverage

first_imgNew Fisheries Station Delivers Improved Coverage VIC PremierFisheries Officers can now cover more of Melbourne’s South East thanks to a new VFA fisheries station opening at Braeside.Minister for Fishing and Boating Melissa Horne said the Victorian Government had invested $240,000 to refurbish office space at the site and buy new equipment, which will enable officers to monitor fishing activities in the area to ensure people are doing the right thing.The station will allow officers to patrol a wide range of waters from Port Phillip Bay to fisheries further inland such as the Yarra River. The new Braeside station will also provide quicker responses to reports of illegal fishing in the eastern region.The station has been equipped with vital patrol equipment such as an 8.5-metre ridged hull inflatable boat and two new patrol-ready jet skis.Four fisheries officers from existing stations have been redeployed to work at the new location.It becomes the fourth station located around Port Phillip Bay, along with Altona, Mornington and Queenscliff – providing extensive coverage of Victoria’s most popular fishery.The Braeside station is one of a number of large-scale projects which are currently being undertaken by the Victorian Fisheries Authority.A new $7 million native fish hatchery will be built on the banks of the Goulburn River at Arcadia and a $1 million revitalisation of the Snobs Creek Fish Hatchery is underway.As stated by Minister for Fishing and Boating Melissa Horne“This new station means fisheries officers can patrol our metropolitan areas more often, making fishing safer and more enjoyable for everyone.”“We’re providing this station with brand new equipment to ensure these officers can easily and efficiently monitor the region.”As stated by Member for Keysborough Martin Pakula“This is an investment in the future of local fishing, ensuring people are doing the right thing so that fishers can enjoy these waters for years to come.”“Some of Victoria’s best fishing is right here on our doorstep and we are protecting the local environment by having these officers on patrol.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Arcadia, AusPol, Australia, environment, Fisheries, fishing, future, Goulburn, Government, Investment, jet ski, Melbourne, Minister, Port Phillip, Queenscliff, space, Victoria, Yarralast_img read more

We’re driving the Ford GT; what do you want to know about it?

first_img Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” Trending Videos Created with Raphaël 2.1.2Created with Raphaël 2.1.2 2017 Ford GT ’66 Heritage Edition We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. See More Videos advertisement RELATED TAGSFordGTCoupePerformanceSupercarsNew VehiclesSupercarsCars and Car DesignCulture and LifestyleDavid BoothFord GTMiller Motorsports ParkMotorsportsSalt Lake CitySportsUnited StatesUtah In the second week of May, Driving‘s own David Booth will finally get behind the wheel of perhaps the most anticipated car of the year – the new Ford GT. This is no ordinary drive, either; he’ll be pushing the 647-horsepower supercar to its limits at the Utah Motorsports Campus (formerly Miller Motorsports Park) near Salt Lake City, Utah. And while we can’t exactly offer you, dear reader, a ride, we’d like to take you along in a different way. We want to hear from you: What do you want to ask David about the car? Post your questions in the comments below and Motor Mouth himself will answer the best five with the review. center_img The Rolls-Royce Boat Tail may be the most expensive new car ever Speaking of, you can read the full review of the Ford GT – as well as see if your question was answered – on Friday, May 12, right here at Driving.  COMMENTSSHARE YOUR THOUGHTS PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca Trending in Canada ‹ Previous Next ›last_img read more

Custom Dodge Challenger gets stolen, wrecked in police chase, still makes it to SEMA

first_img Trending Videos That massive output comes courtesy of a supercharged 5.8-litre V8 coupled to a manually shifted three-speed automatic transmission. Mopar will build 50 of the Challengers, A Dodge Challenger show car with 1,000 horsepower was stolen just before this year’s SEMA convention and crashed — but still managed to make it to the show floor on time.The car was built by Quintin Brothers Auto and Performance in Vermont, who sent it to Las Vegas where the SEMA parts convention is held. The Challenger was reported stolen on October 30, when it was swiped from the overflow parking lot of the Main Street Station Casino. The Rolls-Royce Boat Tail may be the most expensive new car ever See More Videos The vehicle was later abandoned at The Boulevard Mall and then given back to its owners to display at the show. Mopar Mopar’s two customized SEMA concept trucks look rad“We were in shock, we couldn’t imagine that anything like this could ever happen,” shop co-owner Cole Quintin said. “It looks like they were living in the thing, but they only had it for about 11 hours.”The front end was smashed in the hit-and-run police chase, making it look more like a drift missile than a straight-line star. We’re sure that with 1,000 horsepower it would burn up the rear tires either way. Props to the builders on still showing the car, even though everyone would’ve completely understood if they’d decided not to.The 2020 Mopar Dodge Challenger Drag Pak, unveiled at the 2019 SEMA Show, delivers sportsman racers a new, turnkey package loaded with suspension and chassis upgrades and is certified for NHRA and NMCA competition. Production is limited to 50 serialized units. SHARE STORY Speaking of Challengers, Mopar itself had a little debut at SEMA heralding the return of the Drag Pak after a five-year hiatus. The fourth generation of the special edition makes more power than the previous version, according to Mopar, and the previous version made 1,200 horsepower and ran mid-7-second quarter-miles, so hold onto your socks for the official numbers. Ford, Chevy both bring electric hot rods to SEMA aftermarket show COMMENTSSHARE YOUR THOUGHTS According to local news, Nevada Highway Patrol was at some point dispatched to the parking structure of the Rio Hotel and Casino, where they found the stolen vehicle. In an attempt to stop the thief from leaving, an officer parked in front of the car, but before he could leave his vehicle, the Challenger rammed into the side of his cruiser and proceeded to escape the parking complex. PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. RELATED TAGSChallengerDodgeFlexNew VehiclesFlex RELATEDlast_img read more