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The Business Brew

Quick Drop: Wes Gray - Talking about BOXX, creating an ETF, and more

Mar 2, 2024
Wes Gray discusses creating the ETF $BOXX, helping others start ETFs, and why value and momentum are effective factors. The episode touches on tax efficiencies, entrepreneurship challenges, military training impact, value investing strategies, and the complexities of launching an ETF.
01:10:18

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Creating a box ETF (BOXX) for cash management using box spreads in options market.
  • Exploring tax advantages and diversification methods within ETF structures for cost-efficiency.

Deep dives

The Origin of the Box ETF and Its Cash Management Potential

Wes Gray, the Alpha Architect, shares the journey of creating the box ETF, BOXX, as a cash management alternative to treasuries. The box ETF utilizes box spreads in the options market, enabling direct lending and borrowing opportunities. The ETF replicates a synthetic long and short stock position through options strategies, providing a potentially more tax-efficient and preferable return profile compared to treasuries.

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