Our interview with USD15 billion Zacks Investment Management this week found Brian Mulberry, Client Portfolio Manager at the firm, explaining that the firm launched its first ETF as it sought to support a new and different group of clients.
“We had a small exposure to some retail clients and part of what we had been hearing from our adviser community is that they needed a way to access our management without having to commit to the size of investment needed for a separately managed account,” Mulberry says.
The US’s adviser community has also been the focus for ETF Express’s data partners Trackinsight, which this week announced its collaboration with the New York Stock Exchange to launch ETF Central, a new ETF platform that will seek to reinvent the experience around content, data, and analytics for all ETF investors.
The firm writes that ETF Central offers investors and advisers free access to powerful, real-time market data and analytics across all US-listed ETFs. Trackinsight has provided the data to support this year’s ETF Express US ETF awards, for which voting closes end of day in the UK on 23rd September. We can report that this has been a record year for voting and thank all of you who have taken part, particularly those of you who launched your own social media campaigns to encourage support. Winners will be announced at our ETF Express US awards event in New York on 27th October.
Two new ETF surveys this week from both Europe and the US report that our industry is in very good health. Firstly, we had the mighty Schwab Investment Management, which manages USD575.9 billion on a discretionary basis and USD34.4 billion on a non-discretionary basis, reporting their survey which found that US ETF investors have continued investing in ETFs and foresee the product making up a larger share of their portfolios in the future.
At the same time, they are also interested in exploring investing options that will allow them to better personalise their portfolios, according to “ETFs and Beyond,” a new study by Schwab Asset Management.
Meanwhile, PwC, in Luxembourg, published its annual review of EU-domiciled ETFs, which shows that between 2012 and June 2022, they have grown at a compound annual growth rate (CAGR) of 18.7 per cent, more than twice the rate of EU-domiciled UCITS (9 per cent) during the same period.
Beverly Chandler, Managing Editor
Companies in this issue
Schwab Asset Management
Strive Asset Management
Zacks Investment Management