My favorite ETF reads over the past week, along with my ETF chart of the week!
“It should be patently illegal to send an exchange-traded product to an unregulated market. It should be illegal to suspend a listing. Delisting should mean calling the note.”
“As an RIA, the ETF world is your oyster. Now, if you instead are an advisor at, say, Morgan Stanley or Wells Fargo, the ETF world is not your oyster.”
“So much cash is now invested that model adjustments are thought to be behind multiple record ETF flows.”
ETF Chart of the Week: Since ETFs launched in 1993, some in the financial establishment – whether active mutual fund managers, stock jockeys, or newsletter pushers – have done their best to disparage the innovation that’s threatening their business models. In the below chart, Bloomberg’s Eric Balchunas depicts the efforts of CNBC’s Jim Cramer, whose comments have yet to stop the ETF freight train.
Source: Bloomberg’s Eric Balchunas