We have serious and not quite so serious matters to discuss this week. It is irresistible to report on ProShares’ very serious piece of research on the pet care industry, research that lies behind its PAWZ ETF, which has enjoyed over 11 per cent in returns this year, largely fuelled by the general realisation that home alone with a furry friend is better than home alone, alone – if that makes any sense at all.
This issue of the ETF Express newsletter also brings you an interview with a US wealth manager, Wichita, Kansas-based 6 Meridian, with USD2.8 billion under management. The firm’s CIO, Andrew Mies, explains that the firm has raised USD400 million through launching its own ETFs, through US white labeller Exchange Traded Concepts, thereby avoiding a great deal of paperwork and gaining a tax break for their investors.
We also have an interview with Marie Coady, PwC Global ETF Leader and Partner at PwC Ireland, and also Chair of the Irish Funds Association ETF Group, on their recent study on the future and the future potential of ETFs in Europe.
Please place your votes in our US ETF awards with nominations pre-selected by Bloomberg. The firms with the most votes win.
Finally, our etfLIVE North America event at the end of October is gaining momentum – please register here. Professional investors go free!
Managing Editor, ETF EXpress
Companies in this issue
Exchange Traded Concepts
HSBC Global Asset Management