How is the ETF sausage made? Who creates the filling? The casing? Who buys it at the store? What other meat is it replacing? We dig into all these tasty morsels and more with this episode’s guest – the ETF expert Dave Nadig, who has spent his career analyzing ETFs, their asset managers, and how investors fit them into portfolios. We’re talking with Dave about why nobody in Springfield, MA likes Tom Brady, how ETFs went from nothing to a Trillion to $7 Trillion (with a ‘T’), and why exactly they get that super beneficial tax treatment.
He covers whether they spell the end for mutual funds, whether they brought on the boom in RIAs, if they’re actually tied to indices anymore?, and how to square passive investment with active allocations to ETFs. Then onto how the SEC punted to Gensler at the CFTC re: Crytpo ETFs (and now he’s at the SEC…wtf), why the future could be ETFs by voting style, and the obligatory Cathie Wood/ARK questions on a pod talking ETFs. Finally, we’re talking what it takes to launch an ETF, who you need on your side in terms of market makers and distributors, and how the ticker has become all important. Don’t miss this informative chat with an insider in the huge world of ETFs. Enjoy.
Chapters:
00:00-04:42=Intro
4:43-15:47=Wells Fargo, RIAs vs FAs, and Voltron
15:48-24:45=A Brief History of the ETF: the First Trillion is the Hardest
24:46-40:57=The obligatory ARK/ Cathie Wood questions
40:58-51:11=When do we get Crypto ETFs? Did the Sec Punt?
51:12-01:05:11=How do you do Futures, Leverage, and Taxes in an ETF?
01:05:12-01:16:01=Are there limits on ETF innovation? All Hail the creative Ticker!
01:16:02-01:21:53=The Game Stop Moment
01:21:54-01:26:50=Favorites
From the episode:
Luke's Entrance but with the Force Theme
Follow along with Dave on Twitter @DaveNadig and visit www.etftrends.com for more information
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