According to our old buddy Bryon Lake, at JP Morgan, the ETF market in the US is about to double in size in the next 5 years.

He is quoted as saying “I think we’re just on the very beginning cusp of what could be substantial growth”.

That is fighting talk but I like what he is saying and it makes all the sense in the world to me. But if that is going to happen in the US over the next few years, can we assume Europe and Asia might follow suit?

Maybe not as the same pace but the direction of travel is clear for sure.

 

Fund Launches and Updates

 

EMEA

 

Is DWS about to get into Crypto? According to reports DWS is in talks with crypto firms Deutsche Digital Assets and Tradias, in Europe and Galaxy Digital in the US. ignites

VanEck expands thematics range with the launch of the VanEck Uranium and Nuclear Technologies UCITS ETF (NUCL). etfstream

BlackRock, Amundi and HSBC AM stops trading on Turkey ETFs after the Turkish exchange halted trading, following the recent earthquate in Turkey. etfstream

Fidelity launches Europe’s cheapest directly backed bitcoin ETP. Fidelity Physical Bitcoin ETP (FBTC) has a TER of 0.75%. etfstrategy

Tradeweb launches iNAV calculation service signing up BlackRock as their first client. etfexpress

 

AMERICAS

 

AllianceBernstein are loading the gun to launch four new ETFs plus carry out a Mutual Fund conversion. Etf.com

Calamos Investments has debuted the Calamos Antetokounmpo Global Sustainable Equities ETF (SROI US), an actively managed global equities ETF targeting companies with robust ESG and quality growth characteristics. etfstrategy

Simplify has launched their newest thematic ETF, the Simplify Propel Opportunities ETF (SURI) on NYSE Arca, that seeks to provide exposure to companies within health sciences. nasdaq

Subversive Capital Advisor has partnered with Unusual Whales to launch the Advisor’s Unusual Whales Subversive Democratic (Ticker: NANC) and Unusual Whales Subversive Republican ETF (Ticker: KRUZ). Both are actively managed. prnewswire

 

CLICK to listen stories from inspiring leaders. This week we speak with Nik Bienkowski, Co-Founder of HANetf.

 

Flows

Zero fee ETF crosses $1B in AUM for the first time. etf.com

US investors dump domestic equity ETFs for overseas funds. ft.com

 

 

A strong start to the year for European ETFs, raising $19bn of new assets, but $10bn of that came from iShares alone.

 

Noteworthy

 

Vanguard going all in on Direct Indexing, so says their CEO. yahoo.com 

There is a lot of bullshit out there about Direct indexing and phrases like its “an ETF killer” is wide of the mark. For some facts check out our recent report on this topic. Blackwater Insights

JPMorgan sees ETF market doubling to $15 Trillion in five years. Active ETFs could grow to make up to 20% of market share according to ETF chief Byron Lake. bloomberg

 

Additional reads

According to Jan Van Eck: “ESG Died in 2022”. It’s a worthwhile read. Vaneck.com

Spot Bitcoin ETF’s future dims after Gensler’s latest comments. etf.com

 

From Behind the Desk:

Last week in Miami was what some might call the Oscars of the ETF industry when the great and the good gathered for the Annual “Exchange” conference in South Beach.

The vibe was certainly Miami cool and a lot different to the more formal atmosphere you experience at European events.

Not sure we could live in Miami though as a $40 burger and $15 croissant is a bit out of our league.