Hints and tips:
...“There have been significant changes about the way people think about fixed-income ETFs in the past year,” said Deborah Fuhr, founder of the ETFGI consultancy....
...John Vail, chief global strategist at Nikko Asset Management, said there were no concerns that the central bank might pull out of the ETF market....
...“The US has been the main driver of the increased inflows into government bond ETFs this year, along with a notable improvement in Europe,” says Deborah Fuhr, chief executive of the ETFGI consultancy....
...Deborah Fuhr, founder of ETFGI, attributes the sudden shift to recent big rises in the cost of living, globally....
...“The growth of ETFs is a global tectonic shift that has gathered pace since the 2007/08 financial crisis,” said Deborah Fuhr, founder of ETFGI, a London-based consultancy....
...But it is one of the greatest financial innovations of all time,” argues Deborah Fuhr of ETFGI, a prominent industry analyst, who believes index funds have become the “punching bag” that hedge funds used...
...All asset managers are having to adapt,” says Ms Fuhr....
...John “Jack” Bogle, the legendary investor, has predicted that the level of money in hedge funds will never again surpass the size of the exchange traded fund industry, which witnessed its 35th month of consecutive...
...John Hancock, the US arm of Manulife, the $888bn Canadian investment manager, also debuted a range of smart-beta ETFs last year....
...ETFs are now even available in Iran,” said Deborah Fuhr, co-founder of ETFGI. A record number of companies (43) entered the ETF market last year....
...“Globally, ETFs are about to surpass hedge funds and I think that would have been surprising for many people when the [ETF] industry started up,” says Deborah Fuhr, founder of consultancy ETFGI....
...Deborah Fuhr, managing partner of ETFGI, agrees: “Many investors need to diversify the product providers they work with.”...
...John Authers talks to Deborah Fuhr, founding partner of ETFGI, about why ETFs have become so popular and how much further their star is likely to rise....
...However, Deborah Fuhr, founder of consultancy firm ETGI, argues that the mismatch in pricing is a problem that could affect any type of investment....
...ETFGI’s report also identified John Paulson as the hedge fund manager with the largest exposure to ETFs, due to his vast holdings in SPDR Gold Shares....
...Deborah Fuhr, founding partner at ETFGI, says DeAWM’s move is not a surprise, as ETF inflows indicate a growing preference for physical products, which are more easily understood than synthetic funds....
...Michael John Lytle, a director at Source, says that large institutional investors can only deal with a small number of providers in Europe without running into size constraints on their trades....
...Michael John Lytle, managing director of Source, a UK ETF house, says: “Third parties can definitely strive to shed light on relative and absolute performance, but there are challenges both in cleaning data...
...We’re seeing financial firms reduce headcount and rationalise products,” says Deborah Fuhr, a partner at ETFGI, a research company....
...Vanguard – the US not-for-profit company founded by John Bogle – has been one of the biggest beneficiaries of this fall....
...John Davies, senior director, S&P Indices agrees that the Ucits framework governing ETFs provides higher levels of protection for investors....
...“Some providers take a portion of the lending revenue, some up to 40 per cent,” said John Woerth at Vanguard. “Would the investor give up 40 per cent of, say, Apple’s share price gain?”...
...“The bar has been set much higher for ETFs and that is to the benefit of investors,” says Michael John Lytle, a director at Source....
...Ms Fuhr says the future for ETFs is bright but warns that the industry is at a crossroads....
...So John Dizard’s advice, in plain English, is: sell the T bond ETFs ‘risk causing confusion’ Warning that “products which are not even funds are being called ETFs”, Deborah Fuhr, global head of ETF research...
International Edition