My favorite ETF reads over the past week, along with my ETF chart of the week!
“An exchange-traded fund investing in collateralized loan obligations? What could go wrong?”
ETF assets reach $7tn milestone by Chris Flood
“Sceptics who predicted that the violent correction in financial markets triggered by coronavirus would mark an end to the rapid expansion of the ETF industry have been proved wrong.”
“I always remind people that ETFs are a technological innovation that deliver financial returns.”
“The advent of an exchange-traded fund that tracks special purpose acquisition companies appears to be a question of when and not if.”
ETF Chart(s) of the Week: While the net ETF growth rate has slowed to 18%, mutual funds are actually declining. Over the rolling 36-month period ending 8/31/20, mutual funds shrank 6.5%.
Source: Morningstar’s Jeffrey Ptak