Benjamin Fussien retweeted
The Board of IOSCO today published - Good Practices Relating to the Implementation of the IOSCO Principles for #ETFs covering effective product structuring, disclosure, liquidity provision, and volatility control
iosco.org/news/pdf/IOSCONEWS… – at Kensington, London
Benjamin Fussien retweeted
SVB does not deserve a bailout.
A deep look at their financial statement reveals how horrific they were at risk management.
And in my opinion incompetence explains only part of it.
Moral hazard must have been at play.
A thread.
1/
Benjamin Fussien retweeted
The February ETF roundup is here: modest outflows for U.S. ETFs, resilient small caps, shining active strategie , value in emerging markets, Pacer's bovine bonanza, and more: morningstar.com/articles/114…
Benjamin Fussien retweeted
Nice look at the breakdown by region in assets by Active MF, Index MF and ETF. Takeaway: this whole thing is still in the early innings.. via @psarofagis
Benjamin Fussien retweeted
From trading data to vested interests, retail interest to punitive taxation, momentum is gathering to remove the structural deadweights blocking further ETF adoption in Europe.
Thanks to @psarofagis
#ETFs #Europe
etfstream.com/features/europ…
Benjamin Fussien retweeted
39% (>2x normal levels) of global #ETP flows went to Europe YTD. More could come as we expect:
- a consolidated tape (better liquidity)
- inducements ban (helps intermediary distro for #ETFs vs. MFs)
- retail/digital platforms (e.g. ETF savings plans) @ETF_Stream @GlobalXETFsEU
Benjamin Fussien retweeted
1/7 - The 2022 edition of Morningstar's Active/Passive Barometer is hot off the presses!
In 2022, 43% of active funds survived and outperformed their average passive peer.
Here's the article: spr.ly/60183vlN4
And the full report: spr.ly/60193vlNf
Benjamin Fussien retweeted
There's a *$5 trillion* gap b/w ETF & mutual fund flows over past 10yrs...
$5 trillion.
h/t @ToddRosenbluth
Benjamin Fussien retweeted
5 ETF stories I’m watching right now…
1) Morgan Stanley ETF flows. Inflows into their ESG ETFs are basically nonexistent 3+ weeks after entering space. It’s obv very early, but think huge litmus test for future of ESG ETFs since MS has *significant* distribution capabilities.
Benjamin Fussien retweeted
Active ETFs have captured 36% of net flows into ETF so far in 2023, a big jump from 14% last year, which was a record. Further over 500 of the 1000 have seen cash come in so far. Stunning numbers, especially if you think about where the state state they were in 5yrs ago
Benjamin Fussien retweeted
Amid all the talk of PFOF, a more problematic aspect of EU retail market structure is being overlooked: single market-maker venues. The MiFID II review gives Brussels a chance to tackle this issue but the window is rapidly closing. Read more: bit.ly/41dYa2f
Benjamin Fussien retweeted
New note out today predicting that non-transparent active ETFs could be extinct within two years (or at least very close to it) as many will likely liquidate or convert to transparent. After nearly 3yrs they have measly $4b vs $364b for transparent active w/ 72% of them <$100m
Benjamin Fussien retweeted
ETF Myth Buster - Over the past 25 years, there's been no relationship between ETFs' organic growth (annual flows/beginning AUM) and market performance (as measured by the @MorningstarInc U.S. Market Index).
ETFs have been growing rain or shine.
Benjamin Fussien retweeted
The ETF white label business is booming as an increasingly popular way to enter mkt. On latest Trillions we take you on a tour of this world w/ the Big Three: Garrett Stevens of @ETCETF, @michael_venuto of Tidal and @alphaarchitect w/ @joelwebershow bloomberg.com/news/articles/…
Benjamin Fussien retweeted
Active ETFs captured 14% of total net ETF flows this year, their highest take to date (and this doesn't include conversion assets). Not bad considering they only make up 4% of assets. This is a chart I'll be watching a lot in coming years.
Benjamin Fussien retweeted
2 minutes et 17 secondes pour clouer au pilori la gestion municipale catastrophique de la ville de @Paris par @Anne_Hidalgo, @egregoire et le reste de la bande.
Merci à @GabrielAttal.
Benjamin Fussien retweeted
If there was a museum for ETF charts this one from @psarofagis should be hanging in it. Shows ETF issuer market share by assets, flows, products, revenue and trading. It's all there. Enjoy..
Benjamin Fussien retweeted
"Il y a plus de fonctionnaires à la ville de Paris qu'à la Commission européenne", cingle Gabriel Attal. #saccageparis
bfmtv.com/paris/l-etat-a-bon…























