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Invest Like the Best with Patrick O'Shaughnessy
Eric Balchunas – The Past, Present & Future of ETFs - [Invest Like the Best, EP.93]
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Show Notes
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My guest this week is Eric Balchunas, the senior ETF analyst for Bloomberg and the author of the Institutional ETF toolbox. This episode is intended for those in the asset or wealth management industry who have considered using ETFs in their portfolios, or for the individual investor who likes to stay up to date on trends in the market for asset management products. We cover all aspects of ETFs in some detail, and luckily in ways that have little overlap with a few other recent ETF-centric episodes on two of my favorite podcasts: the Meb Faber Show and Capital Allocators with Ted Seides with Matt Hougan and Tom Lydon respectively.
We open with Eric’s favorite ETF tickers, discuss the pros and cons of ETFs versus other investment vehicles, and explore the largest areas of opportunities for new ETFs coming to market in the years to come. ETFs have become the vehicle of choice for many investors, so it was about time we covered them in depth in this forum. As you’ll hear, Eric is the right person to teach the world about ETFs, thanks to deep domain knowledge and unflagging enthusiasm. Please enjoy my conversation with Eric Balchunas on the past, present, and future of ETFs.
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.
Follow Patrick on Twitter at @patrick_oshag
Books Referenced
Quantitative Momentum: A Practitioner's Guide to Building a Momentum-Based Stock Selection System
Links Referenced
Chart – There Are Now More Indexes Than Stocks
Show Notes
(First Question) – Eric’s favorite ETF tickers
– How Eric got started into his career and how it led him into the ETF world
– An overview of the ETF landscape
– Active managed ETFs
– Chart – There Are Now More Indexes Than Stocks
– Key variables he thinks about when assessing a new ETF
– Evaluating shiny object ETFs
– The appeal of ETFs
– Future regulatory concern of the tax treatments of ETFs
– The liquidity advantage of ETFs and why that can actually be bad for investors
– What would Eric do to build the perfect ETF
– What are the future trends for new ETF’s launched
– Categories that work well in the ALT world of ETFs
– Most effective marketing strategy for ETFs
– Quantitative Momentum: A Practitioner's Guide to Building a Momentum-Based Stock Selection System
– How will the winning asset managers have done differently in this space
– How the next downturn could impact ETFs
– Do ETF’s create pricing distortions
– What trend is Eric most interested in right now
– Alpha through Beta
– Kindest thing anyone has done for Eric
Learn More
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub
Follow Patrick on twitter at @patrick_oshag
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