here to discuss why is turning into the year of the theme, eric balchunas. t's start with the gender diversity etf, number one out of 87 right now. eric: $256 million, here's why. it's a little unfair. they just got a huge chunk of the california retirement teachers. they love this idea, called the spoke etf. an institution will give a company's visions, and the etf's are really easy vehicle for anybody in the pension to invest in privately. invite on any exchange. almost all the assets are for that. it still counts, that's how it's number one. it looks for companies that have boards and board members and executives that are higher percentage female relatively low peers. but keep in mind, the sector buckets, you want to go to heavy. they were saying you get most are consumer discretionary, so you some bands in place. s&p,ves you close to the with a focus on companies that are more driven by women executives. scarlet: i spoke with the chief invested in -- chief executive officer, and they mention initially they put in $150 million into this etf with the goal o

. -- eric balchunas. missingmpanies sales targets, and cutting forecasts. ♪ betty: live from bloomberg world headquarters in new york and london, i'm betty liu. caroline: and i'm caroline hyde. you are watching "bloomberg markets." taylor: it has been called the financial messaging system in the world but now, cyber crooks have attacked it again. this attack involves another unnamed bank. this may be one of china's leaks ever of personal sensitive information. of -- jackformation moa and others. many tweets were quickly deleted. ship had 140 egyptians and 40 iraqi's onboard, all rescued from the mediterranean sea. only one of the two people rescued were thought to be syrian. the secret service will investigate donald trump's armor butler for making threats against president obama online. -- former butler. on facebook, he called for the president to be killed. the trump campaign says he completely disavows the remarks. global news 24 hours a day, powered by our 2400 journalists in more than 150 news bureau

joining us now is eric balchunas.need to back up a little bit here and get some context and perspective here. let's explain what's going on with this etf buying. it is the latest stage in the bank of japan's quantitative easing. eric: their buying $30 billion u.s. per year. the total market is $140 billion and they on roughly $80 billion of that. it is highly unusual in a sense. what they're doing differently lately is that they want to customize the etf's are investing in, which makes some sense. instead of taking the popular index, they want the company to come back with something that would invest with companies that are doing, putting money in to hiring people and r&d. remember -- in the u.s., a lot of qb money went to companies doing by backs and dividends. here they are trying to alleviate that issue and funnel money into companies that are actually spending money on the economy. in a way, it's kind of clever. what you have to get over is that number on the screen. 59% of the market is pretty wild by any standar

thanks eric balchunas.: still ahead, what could a slowdown in technology mean for the commercial real estate market? we will hear from one of the top real estate agents in new york. ♪ >> live from bloomberg world headquarters in new york and london i am shery ahn. mark: i am mark barton. this is bloomberg markets on bloomberg television. vonnie quinn is in the news room. vonnie: a new report from the imf underscores the differences it has over greece. it says greece should not make payments on its european ballot until 2040. the plan was included in documents obtained by bloomberg news. the world health organization is concerned that the zika virus is in the katy perry islands. -- islands. 4500 have been more than cases reported in cato verde. sending mixed signals about how to increase economic growth, japan and canada want a plan that includes more fiscal the newest. germany is pushing back against calls for more spending. president obama will meet with the indian prime minister in washington next month.

scarlet: eric balchunas joins us now with more. have a couple of etf that really illustrate this. thing,he sell in may people chuckle at this. inyou sold in may and bought october, you would trail the market by 1.5% annually. there are certain cases where kind of makes sense like highflying etf's. take the market vectors steel etf up 55% until may. it is now down 10% in may. alix: this is sl x. eric: you can see that in may it is not so good, but until then 55%. the other is ishares turkey etf. after may, it is down 10%. but is having some issues, overall a good year for turkey. we have been talking about this all year. gtx up 85% until may. it is now down 11% or 12%. the triple leveraged gold mine etf is up to 70% until may, but down 40%. scarlet: this is nothing to do with what is inside the etf's but the momentum leading up to may. what it could be at least we are seeing in these areas because they all have that commonality and having the lehigh run-up. maybe someone is looking up for folios and saying, where can i make some pro

here to discuss why this might is ericeal market balchunas, bloomberg intelligence analysts.t are we talking about here? out as not have gone just asset classes but as trades. it basically holds s&p 500 stocks and rights call auction -- options on the money at the s&p 500. the benefit of doing this is you get premium for selling the call options. that means about 5%. what you give up his you basically give up a lot of your upside. raise, people will exercise that stock options and you will have to pay out. this would be a perfect environment for these product because you still have low rates and at this point i think most people think the market might not go bullish that bad, or might go down. these kind of have the stars aligning and it is an interesting look. even though all the money seems to be going to these low volatility etf's, they are low volatility. when the market goes down, a will go down last. julie: this first one you are talking about, this power surge etf by right, -- eric: it is an option on the whole thing. there are others like the horizon. let one is sayin

let's take a look at gold because eric balchunas mentioned it and i think it is important.t of junk into gold but we have pretty much seen flows out of everything into gold. 1280 h writedown's. ounce. -- 1280 per troy safety outside of gold, debt is important to look at. year, you can 10 see investors just hire in and dug into the number a little bit deeper. there is a little bit of a recovery. 10 year, big recovery. you will see the same kind of thing on the two-year. wages up to and a half percent. slow and steady wins the race. let's take a look at currencies because the divergence has created expectations for stronger dollar, weaker euro. we sell that flipped on its head and we have had weaker dollar, stronger euro, weaker dollar, stronger yen. today we see big strength and then a big dip and a recovery back to levels we saw before the report came out. very interesting across all asset classes. that is why this is one of our favorite days at bloomberg. david: let's continue talking about it. it is april's non-farms payrolls report, one hundred 60,000 jobs were added, un