Invest Like The Best
Episode 93 The Past, Present & Future of ETFs
Invest Like The Best

Episode 93: The Past, Present & Future of ETFs

The Past, Present & Future of ETFs

Eric Balchunas is the senior ETF analyst at Bloomberg and the author of the Institutional ETF toolbox. We cover Eric’s favorite ETF tickers, the pros and cons of ETFs versus other investment vehicles, and the largest areas of opportunities for new ETFs.

[00:02:32] – Eric’s favorite ETF tickers

[00:04:07] – How Eric got started into his career and how it led him into the ETF world

[00:08:04] – An overview of the ETF landscape

[00:10:10] – Active managed ETFs

[00:13:32] – Key variables he thinks about when assessing a new ETF

[00:15:18] – Evaluating shiny object ETFs

[00:17:30] – The appeal of ETFs

[00:20:18] – Future regulatory concern of the tax treatments of ETFs

[00:22:10] – The liquidity advantage of ETFs and why that can actually be bad for investors

[00:24:19] – What would Eric do to build the perfect ETF

[00:26:03] – What are the future trends for new ETF’s launched

[00:29:40] – Categories that work well in the ALT world of ETFs

[00:31:32] – Most effective marketing strategy for ETFs

[00:36:28] – How will the winning asset managers have done differently in this space

[00:41:56] – How the next downturn could impact ETFs

[00:46:17] – Do ETF’s create pricing distortions

[00:50:33] – What trend is Eric most interested in right now

[00:53:21] – Alpha through Beta

[00:55:51] – Kindest thing anyone has done for Eric

The Past, Present & Future of ETFs

Introduction

Patrick
My guest this week is Eric Balchunas, the senior ETF analyst for Bloomberg Intelligence and the author of the book, The Institutional ETF Toolbox. This episode is intended for those in the asset management or wealth management industries who have considered using ETFs in their portfolios or for the individual investor who likes to stay up to date on trends in the markets for asset management products. We cover all aspects of ETFs in some detail, and luckily in ways that have little overlap with a few other recent ETF centric episodes on two of my favorite podcasts, the Meb Faber show and Capital Allocators with Ted Seides.

Why Tickers Matter for New ETFs

Those conversations were with Matt Haugen and Tom Light and respectively. We open with Eric's favorite ETF tickers, discuss the pros and cons of ETFs versus other investment vehicles and explore the largest areas of opportunities for new ETFs coming to market in the years to come. ETFs have become the vehicle of choice for many investors. So it's about time we covered them in depth in this forum. As you'll hear Eric is the right person to teach the world about ETFs, thanks to deep domain knowledge and unflagging enthusiasm. Please enjoy my conversation with Eric Balchunas on the past present and future of ETFs. Fun question, which is for your favorite couple of ETF tickers, which I think is back to single ticker of marketing. This is an important thing to pick.

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