My favorite ETF reads over the past week, along with my ETF tweet and chart of the week!
Barclays Lost Track of Its Notes by Matt Levine (for the ETF nerds out there, this might be my favorite read of the year so far!)
“You don’t become the head of an exchange-traded-products desk by paying out 0.01% fees carelessly.”
Russia crisis challenges ETF sector’s ‘cockroach’ status by Chris Newlands
“I don’t think it’s fair to single out ETFs – especially as they were the last man standing.”
Vanguard Closes In on BlackRock ETF Crown With $45 Billion Haul by Katie Greifeld
“They inhale market share in rough markets.”
How ESG Funds Will Be Impacted By The SEC’s Expansion Of The 80 Percent Names Rule by Jacob Wolinsky
“The so-called ‘80% rule’ will not stop fund managers from greenwashing because the definition of ‘ESG’ itself is far too vague for even the SEC to define accurately.”
New ETFs would package best, worst of Jim Cramer’s stock picks by Jeff Benjamin
“There’s been a mini-ecosystem built around Cramer’s epically bad calls.”
ETF Tweet of the Week: Tuttle Capital caused quite a stir by filing for two ETFs that would be based on the stock picks and market calls of CNBC personality Jim Cramer. The idea for an Inverse Cramer ETF has been discussed for years on social media and now may be coming to fruition.
Finally happened: Cramer ETFs
Inverse Cramer ETF $SJIM
Long Cramer ETF $LJIM
Eff Dec 1920-25 equal-weighted stocks/ETFs based on Cramer's Twitter & TV recommendations and market views. Positions exited if Cramer has no view & once profit targets met.https://t.co/ZvA5G2zoTX pic.twitter.com/tY9yBMt15s
— ETF Hearsay by Henry Jim (@ETFhearsay) October 5, 2022
ETF Chart of the Week: 319 new ETFs have hit the market this year through the end of the third quarter. While that number is down from 334 ETFs over the same time period in 2021, it’s still an impressive total given the challenging market conditions. Between single stock ETFs, new issuers, and steadying financial markets in the fourth quarter, it wouldn’t be shocking to see ETFs eclipse last year’s annual record of 477 launches.
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