My favorite ETF reads over the past week, along with my ETF tweet and chart of the week!
ETF Launches Are Already on Track to Top Last Year’s Record Pace by Peyton Forte
“It is also evidence for how investors and the marketplace continue to embrace and prefer the ETF structure as compared to mutual funds.”
How A Creative Physicist Dreamed Up And Created The ETF by Adam Shell
“His invention, the ETF, turned out to be arguably the most successful financial innovation in modern times.”
Standing Out In The ETF Crowd by Jessica Ferringer
“Competition has gone up, and the distribution challenge has been exacerbated because of that.”
Bond Funds Lurk as a Challenge to Fed’s Inflation Fight by Eric Balchunas
“The prospect of halting redemptions – and their much larger size – is why bond mutual funds are arguably a bigger risk to market stability, and the Fed’s hawkish plans, than bond ETFs.”
Rate Moves Provide Big Fixed Income Tax-Loss Harvesting Opportunities by Matt Bartolini
“Across a variety of timeframes and thresholds, $1.2 trillion of fixed income assets now sit in a loss position.”
Investors Stuck in Biggest Bitcoin Fund Flood SEC With Letters by Katie Greifeld
“U.S. Securities and Exchange Commission officials have nearly 200 new pen-pals.”
ETF Tweet of the Week: Retail investors aren’t the only ones flooding the SEC with letters regarding spot bitcoin ETF approval. Minnesota Congressman Tom Emmer also sent a love letter to the agency, who responded with the following…
We received a response from SEC Chair Gensler to our 11/3/21 letter regarding BTC spot ETFs. This issue remains a priority for us and we will continue to oversee the SEC in its mission to maintain fair and orderly markets and facilitate capital formation. pic.twitter.com/WbgSDj7o0T
— Tom Emmer (@RepTomEmmer) February 17, 2022
ETF Chart of the Week: This colorful chart shows ETF issuer market share % by fee bucket. For example, 49% of assets invested in ETFs with expense ratios between 0 – 10 basis points are Vanguard products. As Bloomberg’s Eric Balchunas notes, Vanguard dominates the cheapest fee category, iShares the middle buckets, and First Trust the most expensive ETFs.
Source: Bloomberg’s Athanasios Psarofagis
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