My favorite ETF reads over the past week, along with my ETF tweet and chart of the week!
Portfolio-shielding active ETFs struggle to gain ground by Brian Ponte
“Investors don’t appear to have the same desire for opaque strategies as some fund managers.”
Why Advisors (and Family Offices) Should Consider Creating their Own ETFs by Pat Cleary
“Times are a-changing in the ETF marketplace.”
Direct Indexing vs. ETFs – Friends or Foe? by Cinthia Murphy
“No business or industry can ever rest on its laurels. Disruption demands action.”
Is DBMF the Innovation Fund of the Hawkish Fed Regime? by Karrie Gordon
“There’s one fund that has soared above the rest.”
When Is the Best Time of Day to Buy an ETF? by Derek Horstmeyer
“Timing your ETF purchases isn’t as simple as trading when market volume is at its highest.”
More Delistings of Blockchain ETFs Could be Coming by Ben Strack
“This year has been a difficult market cycle across almost every asset class with crypto facing particular headwinds.”
ETF Tweet of the Week: Several ETF launches this year have the dubious honor of generating the worst first-month performance in ETF history. The Noble Absolute Return ETF (NOPE) debuted at the end of September and proceeded to fall nearly 22% (it has since rebounded and is now down 6% since inception). Joining NOPE on this list are a handful of crypto-related ETFs (FDIG, IBLC, CRYP), the KPOP & Korean Entertainment ETF (KPOP), and the Neuberger Berman Disrupters ETF (NBDS).
Here’s list of the worst first month returns for new ETFs via @JSeyff. Good amt of crypto but no one comes close to the -39% of $AWAY, a travel ETF that launched just as COVID lockdowns started. Ooof. pic.twitter.com/w3fQYiGoVp
— Eric Balchunas (@EricBalchunas) October 31, 2022
ETF Chart of the Week: Despite the rocky market environment, ETFs have taken-in nearly $500 billion so far in 2022 and are on track for their second-best year of inflows ever (surpassing 2020’s $507 billion, but behind last year’s $900 billion). This year’s haul includes a staggering $92 billion in October, a new monthly record. Meanwhile, mutual funds are experiencing a mass exodus with investors yanking out some $790 billion in 2022. The trend of investors flocking to ETFs and shunning mutual funds isn’t new, but it is accelerating…
Source: Financial Times’ Steve Johnson
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