My favorite ETF reads over the past week, along with my ETF tweet and chart of the week!
“As an investor myself, those are the three takeaways I have from what I understand about market structure right now – more event risk, more tail risk, with a longer-term positive upward bias.”
“The real issue seems to be that ETF investors are comfortable with full transparency and don’t really see it as detrimental to returns.”
“The SEC is discriminating against issuers by approving bitcoin futures ETFs and denying bitcoin spot ETFs.”
“The transformation of Russia from emerging to a stand-alone market branded ‘uninvestable’ for institutional investors happened at breakneck speed.”
“Certain investors crave the juice that a 2x VIX ETF can provide despite the many dangers.”
ETF Tweet of the Week: Vivek Ramaswamy is executive chairman of the newly launched firm, Strive Asset Management. Strive is planning to launch ETFs that compete directly with the “Big 3” – iShares, Vanguard, and State Street. The angle? “Focus exclusively on delivering excellent products and services to their customers, rather than mixing business with politics.” Clearly, an ambitious undertaking…
Good news for the Big 3: we’ll help them solve their antitrust problem.
Bad news for the Big 3: we’re going to do it by taking market share.
— Vivek Ramaswamy (@VivekGRamaswamy) May 11, 2022
ETF Chart of the Week: A new survey from PwC found more than half of respondents believe global ETF assets will reach at least $18 trillion by 2026 (currently approx. $10 trillion), representing a 14.6% compound annual growth rate (CAGR). However, PwC believes $20 trillion in global ETF assets by 2026 is attainable “given the global ETF 22% CAGR over the last five years ending December 2020, combined with record inflows, new entrants, innovative products and distribution opportunities”.