My favorite ETF reads over the past week, along with my ETF tweet and chart of the week!
Flow-Monster Vanguard Tightens Grip on $6.8 Trillion ETF World by Katie Greifeld
“The John Bogle-founded giant is squeezing the $6.8 trillion industry harder than ever.”
Emerging markets ETFs are in ‘uncharted waters’ with Russian stock trading on pause, Morningstar says by Lizzy Gurdus
“This particular action, I think it’s a wake-up call for investors.”
ETFs Finally Find a Crisis They Can’t Trade Through in Ukraine by Emily Graffeo
“ETFs are the cockroaches of the investment world. They trade through everything.”
Russia-Ukraine’s Test Of ETF Structure by Dan Mika
“I’m not thrilled with that particular decision and what it does for the confidence of ETF investors.”
Age Does Not Need to Be a Factor for ETF Investors by Todd Rosenbluth
“More than $120 billion in ETFs have launched since the beginning of 2020.”
A Wheat ETF Teaches The Meme Crowd A Lesson The Hard Way by Jared Dillian
“On a long enough timeline, there’s a very good chance that every commodity ETF or ETF based on futures will break.”
ETF Tweet of the Week: The first US-listed ETF launched in 1993, with the debut of the SPDR S&P 500 ETF (SPY). While SPY typically receives credit for birthing the industry, the first ETF actually launched nearly three years earlier in Canada. Nevertheless, the ETF industry is now 32 years old!
Happy 32nd birthday to the #ETF industry!
First ETF listed in Canada March 9, 1990
The #ETFs industry in #Canada gathered US$3.36 billion US dollars in February 2022 according to new @ETFGI research report #ReadMore https://t.co/FQ7lq939SV— Deborah Fuhr, ETFGI (@deborahfuhr) March 9, 2022
ETF Chart(s) of the Week: Bloomberg’s Eric Balchunas notes that half of all bond ETFs are now trading at a discount to net asset value (NAV), the highest number since March 2020. The average discount to NAV is currently 0.40%, also the highest since March 2020. Furthermore, 75% of bond ETFs have negative returns over the trailing 12 months, which is the most ever. The simple takeaway? Credit markets are beginning to show some signs of stress.
Source: Bloomberg’s Eric Balchunas
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