My favorite ETF reads over the past week, along with my ETF tweet and chart of the week!
Stepping into the ETF Business? Think Twice by Elisabeth Kashner
“Without a deep, loyal investor base, capital to invest in experienced ETF distribution, or outsized media savvy, ETF entrepreneurs will have to be exceedingly lucky if they are to succeed in today’s ETF business.”
Why RIAs Should Invest in the ETF Structure by Cinthia Murphy
“SMA to ETF conversions can give an ETF a strong head start in the form of an existing track record and a built-in client asset base.”
Morgan Stanley Crashes the ETF Party With ESG by Todd Rosenbluth
“Given the resources available to leverage, we expect more actively managed Morgan Stanley ETFs to come to market in the next couple of years.”
How Active ETFs Transformed Asset Management by Ron DeLegge
“It’s not just about the arrival of actively managed ETFs but their growth that’s become an important element of the shift.”
In ‘hell freezes over’ moment, American Funds pairs up with passive ETFs by Jeff Benjamin
“Capital Group’s model portfolios business has more than tripled in assets under management since 2018.”
US investors dump domestic equity ETFs for overseas funds by Steve Johnson
US investors poured a net $17.8bn into overseas equity ETFs, the largest monthly flow for a year.”
After 30 Years, the King of ETFs Faces a Fight for Its Crown by Katherine Greifeld and Sam Potter
“Competition for the No. 1 spot is getting fierce.”
ETF Tweet of the Week: The ETF industry converges on Miami beach beginning tomorrow as Exchange – the ETF event of the year – gets underway. I’ll be leading an ETF due diligence discussion with Bloomberg’s Eric Balchunas, FactSet’s Elisabeth Kashner, and CFRA’s Aniket Ullal on Sunday afternoon. On Tuesday afternoon, I’ll be recording ETF Prime live. Hope to see many of you down there!
ETF Chart of the Week: It’s been an, um, interesting start to the financial markets this year. On average, the worst performing equity ETFs from 2022 are the top performers in 2023. VettaFi’s Tom Lydon and I discussed this recent phenomenon on this week’s ETF Prime.
