My favorite ETF reads over the past week, along with my ETF tweet and chart of the week!
“While BlackRock’s US ETFs still have 20 per cent more assets than Vanguard’s, they were 50 per cent larger in 2019.”
“Because of all of the attention ESG gets, it might be surprising the category represents just over $100 billion in assets or approximately 1.5% of the U.S. ETF asset base.”
“Their potentially wide-ranging appeal to diverse investor audiences herald the future development of an investing ecosystem around single-bond Treasury ETFs.”
“The agency has seen an overall trend in the market of increased exposure to fixed-income ETFs.”
“The passing of the ‘ETF Rule’ and the subsequent synchronization of ETF listing standards have led to the launch of ETFs that provide exposure to strategies or asset classes that weren’t possible before.”
“In the first eight months of this year, 273 funds have debuted, exceeding the number of launches during the same period in previous years.”
ETF Tweet of the Week: As highlighted in the last article above, ETF launches are on pace for a new record this year. While single stock ETFs are certainly driving up the count, there is no shortage of other innovative products coming to market. This past Thursday alone, a diverse mix of 13 new ETFs debuted.
Summer's over, with 13 ETFs listing on same day tomorrow Sep 8
This includes a new ETF issuer majority owned by women, an inverse Blockchain Single Stock ETF, target maturity bond ETFs, a covered call ADRs ETF, ESG/SRI, and a "platform" ETF that outsources PM functions pic.twitter.com/ynjLXuEkWk
— ETF Hearsay by Henry Jim (@ETFhearsay) September 7, 2022
ETF Chart of the Week: Bloomberg’s Eric Balchunas notes the top 10 most heavily-traded ETFs account for nearly 50% of all ETF trading volume. Interestingly, this lofty number is actually down from the 64% level hit over 10 years ago. The reason? The continued proliferation of ETFs, including cheaper “clone” ETFs (i.e. IEMG as a substitute for EEM).