Animal Spirits Podcast

Talk Your Book: J.P. Morgan's Guide to ETFs

9 snips
Dec 2, 2024
Dive into the dynamic world of ETFs, where record inflows are reshaping investment strategies. Industry experts discuss the shift from mutual funds to ETFs, emphasizing liquidity and tax efficiency. The complexities of the fixed income market are explored, particularly the limitations of traditional benchmarks. Delve into treasury ETF flows and the motivations behind investor behavior. Lastly, gain insights on active management in fixed income ETFs and the educational resources offered by J.P. Morgan for navigating this evolving landscape.
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INSIGHT

ETF Inflow Drivers

  • Record ETF inflows in 2024 are driven by the ETF structure's benefits, not mutual fund conversions.
  • These benefits include liquidity, transparency, and tax efficiency, attracting investors.
INSIGHT

Thematic ETF AUM Fluctuation

  • Thematic ETF AUM surged during the meme stock era but declined despite more thematic ETFs existing.
  • This suggests investor interest cooled after the initial hype.
INSIGHT

JP Morgan's Active ETF Growth

  • JP Morgan became a leader in active ETFs by leveraging its existing active management expertise.
  • The 2019 regulatory changes facilitated this shift by improving the ETF structure.
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