Tim Buckley kicked off the Inside ETFs conference this week with a dire warning for those in the audience—embrace the inevitable fee erosion around asset management, or face extinction.
Because beneath the razzmatazz of poolside parties and cabana happy hours, there is a less palatable reality. It’s getting tough out there for many ETF firms.
Strong equity returns cool retail investor demand for liquid alts, or the “non-correlated cushion” of hedge fund strategies in retail fund wrappers. But J.P. Morgan Asset Management’s Yasmin Dahya argues that now is the time for these strategies...