Janus Capital is giving Bill Gross the keys to a private bond fund that will be managed by Gross and will raise money from institutional investors.

The reasons not to approve the ETF are obvious. Here are five reasons why the SEC should.

How not to have trouble with the curve

ETFs are not immune to the human factor.

Foreign investors are getting more sensitive.

When Hillary Clinton does well, and/or Donald Trump slumps, the markets rise.

Wells Fargo is the only bank in a Contrafund top 10 holdings list.