- Who Wins? KKR, Apollo Square Off in Race to Deliver Mass Market Alts “Both offerings aim to blend publicly traded fixed income with private credit instruments, and both are targeting much wider swaths of investors than typically can access private funds or registered alts vehicles, such as most non-traded interval funds or business development companies, known as BDCs.” (FundFire)
- BlackRock becomes latest, largest firm to seek approval for ETF share class “The asset management giant is the latest and by far the largest among more than 30 money managers that have made similar requests since a patent on the ETF share class structure held by Vanguard expired in May 2023. The SEC does not have a deadline to rule on those applications, and the agency so far has only allowed Vanguard to offer both exchange-traded shares and traditional units within the same mutual fund.” (Reuters)
- Morgan Stanley is launching an investing index tied to sports leagues “The portfolio, aimed at high net worth sports fans, will allow them to invest in a curated index of companies with strong sponsorship, media and advertisement ties to the most prominent sports leagues. There is a $250,000 investment minimum to participate.” (CNBC)
- Presidential election offers opportunities — and risks — for ETF investors, experts say “In the months ahead, some ETFs or funds could outperform depending on the election outlook. For example, those related to Big Tech and digital coin ecosystems could benefit in the case of a second Trump presidency, while funds focused on residential construction, defense manufacturing and elder care may see a boost if Harris wins in 2024, the experts said.” (CNBC)
- How Bond ETFs Will React to the Election “Before Monday, TLT had been trending down (pushing yields up), which some attributed to the greater likelihood of a Trump victory. That said, as compelling as the ‘Trump = higher yields; Harris = lower yields’ equation is, there is no guarantee that a victory by either candidate will lead to any particular market outcome.” (ETF.com)
- How to Talk to Your Clients About the Election “Advisors should be in touch with clients periodically during the election cycle. Informing them of the potential for volatility and the impact their reactions could have on their portfolios is key to avoiding problems down the road.” (Morningstar)
- Vanguard deposes BlackRock as provider of world’s second-largest ETF “In a rare setback for the fund giant, BlackRock’s iShares Core S&P 500 ETF (IVV) has been overtaken by Vanguard’s equivalent S&P 500 ETF (VOO), which had assets of $540.76bn at Friday’s close, according to data from Morningstar, marginally ahead of IVV’s $540.66bn.” (Financial Times)
- Massive October Inflows Keep ETFs on Track for $1T “Just over $118 billion flowed into U.S.-listed exchange-traded funds during October, pushing year-to-date inflows up to $812 billion. If inflows for November and December are anything like October, total inflows for the year will top the 13-figure mark for the first time ever.” (ETF.com)
- What role can active ETFs play in portfolios? “Much of the appeal of ETFs lies in their ability to facilitate quick and easy access to multiple investments. This can make them a notably cost-effective means of enhancing diversification and reducing risk.” (FT Adviser)
- Blue Owl says record wealth inflows driven by GP stakes, direct lending products “The firm is confident Blue Owl GP Stakes VI will reach its $13bn target by end-2025, says co-CEO Marc Lipschultz.” (Private Equity International)
- The Future Of Wealth Management And The Rise Of SMAs “Personalization has become a priority, particularly for high-net-worth investors, 71% of whom cited it as a key factor in selecting investment vehicles, according to Capgemini’s World Wealth Report.” (Forbes Council Post)
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