My favorite ETF reads over the past week, along with my ETF tweet and chart of the week!
ETF Education A Moving Target by Heather Bell
“The educational burden doesn’t rest only with regulators or issuers. It rests with everyone involved with any part of the ETF ecosystem, including the end investor.”
“If there’s one thing the ETF industry is good for, it’s that it allows investors of all sophistication levels and affluence the ability to build a broadly diversified portfolio with very little cost.”
“Ark just passed iShares for YTD flows, doing $500 million a day. Just insane. This is what happens when you can tell a story that turns out to be right.”
“Investors have ploughed more than $4.6tn in new cash into ETFs since the global financial crisis amid mounting discontent with the disappointing performance and high fees of traditional active managers that try to pick winning stocks.”
“Investors used to love ‘story stocks.’ Now they love story ETFs.”
“The Ark phenomenon is the first time ever that a rock-star portfolio manager has been shortable.”
“Mutual funds were revolutionary, but E.T.F.s are just a better, newer technology.”
ETF Tweet of the Week:
As Warren Buffett said, the key to investing is figuring out what ARK will add to their ETFs and front-running it
— Joe Kunkle (@OptionsHawk) January 14, 2021
ETF Chart of the Week: ARK Invest has begun the new year right where they left off at the end of 2020, by vacuuming-up investor dollars. January 8th was the largest day of inflows EVER for ARK, as they took in over $1 billion across their ETF lineup.
Source: Jim Bianco