The move shows the future of asset management distribution is moving towards technology pipes, as opposed to advisor-direct channels, custodians or TAMPs, according to industry watchers.
Matt Hougan, the CEO of Inside ETFs, on what advisors can look forward to at the year’s biggest ETF conference, including Mohamed El-Erian, Quincy Jones, the best new ETFs and a deep dive on bitcoin.
“In five years, you’ll be able to have a full portfolio of ETFs for only 1 or 2 basis points. Good for investors, rough for the industry. You will also see stuff put into ETFs that you didn’t realize was stuff. Anything in Wall Street brain cells...
Like developing countries forgoing landlines for smartphones, young investors are passing over mutual funds for ETFs, says Wisdom Tree’s chief investment strategist.