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Bloomberg Businessweek
Day Two at Schwab Impact in Philadelphia
Oct 27, 2023
Jeffrey Kleintop discusses opportunities outside the US; Chloe Berry on deglobalization, decarbonization, and digitization in infrastructure; David Botset provides details of Schwab's ETFs and Beyond study; Kevin Gordon explains market breadth risk; Manju Boraiah makes the case for separately managed accounts.
42:06
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Quick takeaways
- The increasing popularity of ETFs and the shift away from traditional mutual funds is demonstrated by the all-time high divide between flows into ETFs and mutual funds, which reached a record rift of $1.5 trillion in 2022.
- Separately managed accounts (SMAs) have been gaining traction as an investment vehicle due to their tax efficiency, customization options, and ability to transfer assets from legacy portfolios.
Deep dives
The growing divide between ETFs and mutual funds
The divide between flows into ETFs and mutual funds widened to an all-time high in 2022, reaching a record rift of $1.5 trillion. This is up from $950 billion in 2021, demonstrating the increasing popularity of ETFs and the shift away from traditional mutual funds.
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