My favorite ETF reads over the past week, along with my ETF tweet and chart of the week! Happy holidays everyone!
In Memoriam: ETF and Fintech Industry Leader, Kathleen H. Moriarty by Chapman and Cutler LLP
(Note: While I did not know Kathleen personally, anyone operating in this amazing industry is fully aware of her tremendous influence and impact. She helped pave the way for all of us currently participating in and benefiting from the ETF ecosystem. Kathleen was synonymous with ETFs and ETFs are synonymous with innovation. “SPDR Woman” will certainly be missed.)
“Kathleen was a pioneer in the investment management industry and was at the forefront of some of our industry’s most impactful innovation of the last thirty years.”
Bitcoin’s Biggest Trade Goes From Hero Creator to Widow Maker by Katie Greifeld and Vildana Hajric
“On paper it looked great, but it’s very hard to get out.”
Crypto ETFs Sank in 2022, but These 3 ‘Blockchain’ Funds Beat Bitcoin by Ben Strack
“Ultimately, the fate of these funds remains closely tied to the success of bitcoin and other cryptocurrencies.”
Defined Outcome ETFs Catch a Wave by Aniket Ullal
“In a rare year when stocks, bonds and gold were all down simultaneously, investors were looking for safe havens.”
5 Breakout ETFs in 2022 Not From the Top 3 Firms by Todd Rosenbluth
“2022 has been a year to remember for many firms seeking to climb the leaderboard.”
Despite Their Success, ETFs Aren’t Going Where The Real Money Is by Ron DeLegge
“The ETF industry has made no serious attempt at penetrating the 401(k) retirement arena.”
Watch for These ETF Trends in 2023: Dave Nadig by Dinah Wisenberg Brin
“You can really run a world-class institutional portfolio using nothing but a handful of ETFs.”
ETF Tweet of the Week: Morningstar’s Ben Johson (who joined me on this week’s ETF Prime to recap the year in ETFs), highlights several noteworthy active ETF stories. 2022 will likely go down as the year active ETFs finally hit their stride.
ETF Chart of the Week: ARK Invest ETF assets hit a peak of $60.3 billion in February 2021. Since that time, assets have declined to $11.4 billion – primarily driven by performance. ARK’s flagship ETF, the ARK Innovation ETF (ARKK), is down 80% since mid-February of last year and the fund’s assets have gone from $27.9 billion to $6.4 billion. However, it should be noted that ARKK has actually taken-in money this year – nearly $1.5 billion. It’s been a wild ride overall for the ETF issuer, who has not wavered in their high conviction approach to “disruptive innovation” stocks.
