My favorite ETF reads over the past week, along with my ETF tweet and chart of the week!
Bond ETFs With $1 Trillion Shrug as Fed Starts to Withdraw by Katie Greifeld
“It was very important that they stepped in and showed they had faith in the structure and the system, and it worked.”
How a Smart-Beta ETF Avoided Domination by AMC by Todd Rosenbluth
“In what likely will prove to be prescient timing, PEJ sold its full AMC position along with some other top-10 positions.”
Examining Active Bond ETFs’ Potential by Neal Kosciulek
“In most cases, assuming all else equal, their lower fees and the prospect for greater tax efficiency make consuming these actively managed bond portfolios in an ETF wrapper more desirable.”
The Costs and Benefits of Tax-Loss-Harvesting (TLH) Versus an ETF by Wes Gray
“If we are seeking to maximize our after-tax after-fee after-brain damage investing benefits, the ETF is often the winner.”
Jane Street & The Arbitrage Royal Family by Hide Not Slide
“Today ETFs are a massive, popular, multi-trillion dollar asset class with Jane Street as one of its largest market makers.”
Bitcoin backers urge SEC to shift view on exchange-traded funds by Sarah Wynn
“It is hard to imagine that consideration and approval of cryptocurrency ETFs is the best use of the commission’s limited time and resources.”
ETF Tweet of the Week: A recent industry trend has been the involvement of “social influencers” either directly (i.e. managing money) or indirectly (i.e. marketing) with ETFs. Earlier this year, Barstool’s Dave Portnoy placed his social influence behind the VanEck Vectors Social Sentiment ETF (BUZZ). In July, Ross Gerber will look do to the same with the forthcoming AdvisorShares Gerber Kawasaki ETF (GK).
Finished the quiet period! My ETF is coming soon. July 2nd we go public. A first in the ETF world in many ways. More to come soon. #GK – #active #multithematic #participatory
— Ross Gerber (@GerberKawasaki) June 7, 2021
ETF Chart of the Week: The phenomenon of falling fund fees over the past two decades has been well-documented. That doesn’t make the below visual any less staggering. Billions of dollars have gone back into investors’ pockets as fees dropped.
Source: Bianco Research
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