Suggestions
Herb Blank
Senior Quantitative Analyst And Principal at Valuengine Inc.
Highlights
Please read my latest article on Active ETF growth published in TalkMarkets.
https://lnkd.in/ev2wpRjM
Why Has Active ETF Growth Been So Explosive And Which Firms Are Behind The Recent Trends?
Since 2021, actively managed ETFs have enjoyed the highest percentage growth of any ETF category. Active ETFs listed globally reached a new milestone in July, with assets under management climbing to $974.3 billion, according to a recent report from London-based ETFGI, an independent research and consultancy firm. The record-breaking figure represents a 32% increase in assets year-to-date, up from $739.9 billion at the end of e2023. In July, actively managed ETFs gathered net inflows of $35.9 billion, bringing year-to-date net inflows to $189.9 billion. It marks the highest year-to-date inflow on record, surpassing the previous high of $86.1 billion set in 2023, ETFGI said. (Thanks to Founder Deborah Fuhr, CFA fellow)
As of August 23, 2024, 772 active US ETFs were listed on US exchanges. Although that still is less than 30% of the number of more than 3,100 index-based ETFs, that number has grown substantially from the 32 listed in 2019. Here is the breakdown by category of active ETFs courtesy of the excellent VettaFi ETFdb.com screening tool. Equities 474 Bonds: 217 Alternatives: 19 Commodities: 12* Currency (incl. crypto) 10 Multi-Asset 33 Preferred Stock 4 Real Estate 3
(Shout outs to Tom Lydon and Todd Rosenbluth, Jack Eisenreich and Dalton Easterwood, CFA on their contributions to VettaFi)
The article goes on to compare the top 15 ETFs by AUM and documents how five institutional firms: JPMorganChase; Dimensional Fund Advisors;Vanguard; Avantis Investors; and Capital International Group have seized the top 14 spots and the AUM lead over early pioneers such as Davis Capital Management LLC; Cambria Investment Management and a few years later, ARK Investment Management LLC.
We then make in-depth comparisons between two ETFs: CGGR from Capital Group and ARKK.
As always, your feedback is welcome - heads-up for feedback to:
Deborah Fuhr, CFA fellow; Paul Henneman;Boaz Berkowitz; Aniket Ullal; Eric Balchunas; Leila Heckman; Erin Arvedlund; Gayathiri Sri Rangan; Fernando Domecq; Jeffrey Hirsch; John Davi; Catherine Wood; Edward Rosenberg; Ed McRedmond; Elisabeth Kashner, CFA; Trish T.; Rajesh Jain; David Trainer; Ronald DeLegge; Jonathan Baird,CFA; Bob Shea; Meb Faber; Dodd Kittsley
NYC Climate Week. September 23 - 27 https://lnkd.in/etEYBXxx
Free expert in-person or virtual expert sessions courtesy of FT Live. Use this link to learn more. https://lnkd.in/eTJ2QXyh
The agenda - available here - includes some superb expert speakers. https://lnkd.in/eG7JXFSU
9 AM 45 min. Session 1: The Role of Business and Investors in Protecting Natural Capital Jennifer Morris, CEO @ The Nature Conservancy Santiago Gowland, CEO @ Rainforest Alliance Simon Mundy, Moral Money Editor @ Financial Times
9:45AM 45min. Session 2: Decarbonization Investments: Implementing Strategies to Drive Sustainable Growth Donny Simmons, Group President, Americas @ Trane Technologies Emiliya Mychasuk, Climate Editor @ Financial Times In partnership with Trane Technologies
11:00AM 45min. Session 3: Navigating the Energy Transition: Balancing Urgency and Economic Realities David Blood, Senior Partner @ Generation Investment Management Mandi McReynolds, Vice President, Global ESG, Chief Sustainability Officer @Workiva Carter Roberts, President and CEO World Wildlife Fund Simon Mundy, Moral Money Editor @Financial Times In partnership with Workiva
11:45AM 45min. Session 4: Effectively Deploying Sustainable Finance for a Just Transition Laurence Tubiana, CEO @European Climate Foundation Achim Steiner, Administrator @ United Nations Development Programme The Hon. Michael Halkitis, CFA, CAMS, Minister of Economic Affairs @ The Bahamas Emiliya Mychasuk, Climate Editor @ Financial Times
12:30PM Closing Remarks
Heads-Up: Erica Lasdon; Mike Lombardo; Gabriel Thoumi, CFA, FRM, Certified Ecologist; Markus Walther; Laura Nishikawa; Libby Bernick; Tim Smith; Alison Taylor; Bruce Kahn; John Streur; Vicki Benjamin; Kelly Ye, CFA; Kim N.; Linda-Eling Lee
