- Managers Bet on Options SMAs as Volatility Increases “Tax efficiency is one of the benefits luring investors to this strategy in an SMA format, Devens said. An SMA also allows a manager to tailor the investment to the client's specific needs by purchasing on a specific date, he added.” (FundFire)
- US election complicates investors’ hunt for infrastructure deals “US investors are pouring money into funds that finance infrastructure projects from wind farms to data centres, only to find their fund managers are worried they cannot quickly sign attractive deals.” (Financial Times)
- Ackman May Launch Pershing Square ETF “Pershing Square Management CEO Bill Ackman pulled plans to IPO a US closed end fund a couple of weeks ago, but may now launch a Pershing Square ETF.” (Bloomberg)
- Two ETFs Suggesting Trouble for Advisors: EQAL, AOR “That included being proactive with clients about anticipating or unearthing potential stressors that might not even show up in performance or regular communication. I’m talking about fear of missing out (FOMO), but also about what causes FOMO. Because very often, FOMO is the result of solid portfolio and financial planning.” (ETF.com)
- Mutual Funds Turn 100. Can Investors Still Count on Them? “I think some of the weaker players that might have been around, say, when I started at Morningstar in the ‘90s have been weeded out. That has to be a good thing. So there are some good developments I think of the industry today. I think it’s a pretty investor-friendly industry these days.” (Morningstar)
- Frank Cohen Steps Down as Blackstone’s BREIT CEO With Wesley LePatner Taking Over “The investment giant has appointed current Chief Operating Officer Wesley LePatner to be BREIT’s new leader, effective on Jan. 1, 2025. Cohen, meanwhile, will continue as chairman of the board of directors, the company said.” (Commercial Observer)
- Global ETF industry lists over 1,000 new products this year, shattering record “The U.S. had the highest number of new launches in the first seven months of this year at 363, followed by Asia Pacific excluding Japan at 341 and Europe at 171, according to the release. The U.S. also reported the highest number of closures at 104, followed by Asia Pacific excluding Japan at 85 and Europe at 56, the release said.” (Pensions & Investments)
- ETFGI reports assets invested in Crypto ETFs and ETPs listed globally reached a new record high of 91.69 billion US Dollars at the end of July “During July Crypto ETFs and ETPs listed globally gathered net inflows of US$13.65 billion, bringing year-to-date net inflows to US$59.25 billion, according to ETFGI’s July 2024 ETF and ETP Crypto industry landscape insights report.” (ETFGI)
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