My favorite ETF reads over the past week, along with my ETF tweet and chart of the week!
“There are just so many benefits for a mutual fund manager coming to the ETF market.”
“The crypto industry has perhaps been overfocused on the institutional market and not on the advisor market, which built a huge swath of the ETF ecosystem into the multi-trillion-dollar market that it is today.”
“The 10 largest ETFs gathered $152 billion in the year ended August 13 and manage $1.9 trillion in assets.”
“The ETF is an adaptable wrapper for all sorts of investment strategies, and able to package up virtually any market into tradeable, Lego-like blocks of risk.”
“Thematic ETFs tend to be flexible, holding stocks from across multiple sectors and industries.”
ETF Tweet of the Week: ARK’s Cathie Wood was back in the headlines (what else is new) after Scion Asset Management’s Michael Burry (of “The Big Short” fame) disclosed a short position against the ARK Innovation ETF. Wood defended her holdings, a rather common occurrence over the past few years as various naysayers have sought to bet against or minimize ARK’s success. Interestingly, some of those taking shots are underperforming fund managers, humorously captured here…
Someone had to. pic.twitter.com/EI7iluJH7d
— Brandon Beylo (@marketplunger1) August 18, 2021
ETF Chart of the Week: State Street recently surpassed $1 trillion in U.S. ETF assets, joining iShares and Vanguard in the exclusive club. Invesco, the fourth largest ETF issuer, has approximately $370 billion in assets.
Source: Bloomberg’s James Seyffart