My favorite ETF reads over the past week, along with my ETF tweet and chart of the week!
Growth of index investing is no threat to market efficiency, study says by Bob Pisani
“Active managers still do 91% of the trading.”
How to Maximize the Tax Efficiency of ETFs by Bryan Armour
“Just 4.5% of equity exchange-traded funds distributed capital gains in 2022.”
Wall Street Asset Managers Race for $3 Trillion Active-ETF Prize by Katherine Greifeld
“Active ETFs are booming as investors shun often pricier, slower to trade mutual funds for the easier-to-access structure.”
iShares co-creator Morgan Stanley finally enters ETF race by Steve Johnson
“In the last 12 months the holdouts have been rolling over.”
Will Other Firms Adopt Vanguard’s Unique ETF/Mutual Fund Structure? by Daniel Sotiroff
“The patent is set to expire in May 2023.”
Inside Bitcoin’s $7 Billion Sunken Treasure by Joe Light
“A ruling allowing GBTC to become an ETF could open the floodgates to far more Bitcoin funds.”
ETF Tweet of the Week: Vivek Ramaswamy, Co-Founder & Executive Chairman of Strive Asset Management, announced his bid for US President last week. Strive debuted their first “anti-woke” ETF in August of 2022 and now has 8 ETFs with over $600 million in assets. Bloomberg’s Eric Balchunas notes Vivek is the first-ever ETF issuer-related individual running for POTUS. Although Vivek will be stepping down from his role as Executive Chairman with Strive, this seems like an excellent marketing play for the firm. Regardless of whether you agree with Vivek’s politics, Strive just ballooned their potential audience.
ETF Chart of the Week: Actively managed ETFs are continuing the momentum established in 2022. While the category comprises only 5.5% of total ETF assets, it has captured 36% of net flows so far this year. That’s an astonishing number and certainly one to watch moving forward.
