My favorite ETF reads over the past week, along with my ETF tweet and chart of the week!
US lawmakers’ stock market trades targeted by ETFs by Steve Johnson
“Most Americans believe politicians have an ‘unfair’ edge in stock market trading.”
Single-bond ETFs finally bring US Treasury investing to everyone by Alexander Morris
“Fixed income ETFs have been simplifying bond investing since 2002.”
Issuer Literally Crosses Out ETFs in Filing as Foreign-Share Plans Stall by Elaine Chen
“Issuers drew up plans to offer one-to-one exposure on less-accessible foreign companies.”
(Note: nice background piece here from earlier in the week, before issuers began withdrawing filings.)
The ’40 Act vs. ’33 Act ETF Battle by Cinthia Murphy
“Do you know how tax friendly your ETF of choice is?”
ETFs Play Well With Others by Todd Rosenbluth
“Advisors have a variety of use cases for ETFs.”
Your Mutual Funds Are in the Dumps. Why You Might Still Owe Taxes on Gains. by Lewis Braham
“Is there anything more unpleasant than paying taxes on a money-losing investment?”
ETF Tweet of the Week: “Greenwashing”, the seedy practice of marketing (and overstating) the ESG credentials of an investment fund, has come under scrutiny this year (highly recommend this excellent piece from MarketWatch’s Debbie Carlson). The SEC recently proposed new rules for better ESG-related fund disclosures and naming requirements to help ensure investors understand exactly what they’re getting. Bloomberg’s Athanasios Psarofagis humorously captures the current situation…
Rebranding to an ESG fund pic.twitter.com/g6vlDr8Uzh
— Athanasios Psarofagis (@psarofagis) September 19, 2022
ETF Chart of the Week: Over $90 billion has gone into Treasury ETFs this year, far exceeding 2018’s annual record of $51 billion. The composition of flows is noteworthy as well, with some $33 billion going into ultra-short or short-term products (think BIL or SHV) and approximately $20 billion into both intermediate-term (IEF) and long-term (TLT) Treasury ETFs. Investors are allocating across the yield curve, positioning for both higher rates (good article here from IBD’s Matt Krantz) and the potential for a recession.
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