ETF Strategist - Proud Dad - Travel enthusiast - Buildon Board Member, Peace Corps Kyiv, Ukraine 🇺🇦
New York, NY
Joined June 2017
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For context - electricity and railroads were once a theme. Thematic ETF flows topped $50B through August, nearly 2x 2021. But leadership of the flows of the top themes change meaningfully over time. 2021 had more disparate themes - 2026 is dominated by AI, alongside infrastructure, defense, nuclear and to a lesser degree space. Infrastructure and Defense have endured and thrived since my Global X days.
At this point can AI even be considered a theme?
JonDMaier retweeted
The older I get, the more I realize that anxiety comes from trying to live in two places at once. Replaying yesterday. Rehearsing tomorrow. All while trying to live right now. It's exhausting. Come back to the present. Handle the two feet right in front of you. You don't need to fix your whole life today. You need to take the next right step. Then another. That's the recipe.
My son is working at the @SaggGeneral . Perhaps he could transition to their finance division - #Blackstone !
JonDMaier retweeted
This chart highlights one of the most mind-boggling stats, which is that 99.8% of index fund assets came into the funds after Bogle stepped down as Vanguard CEO in 1996. He was only there for 0.2% of it, altho deserves lion's share of credit.
Eric Balchunas marks the 50th anniversary of the first index fund, the Vanguard 500 Index Fund.
It launched on August 31st, 1976 and eventually led the way for passive investing bloom.bg/4t2duMm
54 years of memories and counting in this one special spot our Dad bought. Nothing like LBI and family.
I’ve said it before, and I’ll say it again: AI is not going away and will continue to change how we think about operations and efficiency, which are both important for investors. I discussed more with @BobPisani on @ETFEdgeCNBC. See the segment here: cnbc.com/video/2023/08/21/x-…
globalxetfs.com/funds/botz/
globalxetfs.com/funds/aiq/
Everyone wants to talk about the #ETF asset number. Fine, it’s roughly $16 Tn. I care less about the number and more about why it keeps climbing. And it will.
New highs keep happening. The structure works: more tax efficient, more transparent, more flexible. Investors figured that out a while ago. Mutual fund money will be landing in ETF land for years to come because people eventually stop paying for something worse when something better exists. And cheaper.
The industry news keeps chasing the shiny stuff, I am not immune to it. It is fun hearing about leveraged ETFs, ETFs that attract $25 bn in 8
weeks, crypto and more. Great for clicks. Not where the big ETF money lives.
The real story is large cap growth, value, sectors, core fixed income etc. Passive built the foundation. Active is adding to that base.
Singles and doubles typically wins the game and the game is long!!
I was right - they got it wrong and they partially changed it back. Name can and will be changed back!!