Chris Andrew

Chris Andrew, the Head of Market Structure and Regulatory Change in EMEA, brings his expertise in European capital markets to the discussion. He and Eloise Goulder explore the impressive 38% surge in European trading volumes, driven by geopolitical shifts and sector dynamics. They highlight the potential for European equities to outperform the US market. The conversation also dives into the urgent need for reforms to integrate capital markets across Europe and the challenges of creating a savings and investments union to enhance security and funding.

Chris Andrew, Head of Market Structure and Regulatory Change at J.P. Morgan, opens up about the explosive growth of the US ETF market and how retail investors are shaping its future. He discusses the remarkable shift from mutual funds to specialized ETFs, highlighting that ETFs now account for 30% of trading activity. The podcast also delves into the intriguing rise of actively managed ETFs and the blend of active and passive strategies. Additionally, Andrew addresses challenges in the European market and the potential for industry reforms.

Chris Andrew, Head of EMEA Market Structure at JP Morgan, discusses the increasing concentration of turnover ratios in US stocks and sectors driven by retail investors, the interplay between retail and institutional investors, and the potential path for equity markets and liquidity. The podcast also highlights the impact of decreasing turnover ratios on European market liquidity, contrasting liquidity trends across global markets, and the risks associated with momentum factor and market concentration.