While the investment world argues over passive versus active investing, ETF providers have quietly proliferated. Here is the Wikipedia definition of an ETF.

As my frined Josh Brown posts:

And so the ETF business finds itself as no longer an up and comer. It is the thing now. The incumbent. As of the end of 2019, total ETF assets have grown to $4.3 trillion – up from just $770 billion ten years ago. 20% of that is in bond or fixed income ETFs. According to Bank of America, ETF assets have grown by about 25% a year and are on pace to hit $5.3 trillion by the end of 2020. But the showstopper from BofA is that they expect this trend to accelerate, with the industry finishing the next decade with around $50 trillion under management!

I attended the ETF Summit this week to sit with Josh Brown and talk about investing, including the ETF trends and other Wealthtech trends. In attendance were over 2,000 financial advisors, asset management professionals, specialist firms, fintech vendors and media people gather each winter to celebrate the industry’s success, lament its challenges and look toward the next big thing.

Not to brag, but MANY people found it fascinating…

I am a huge believer in ETF products and am lucky to have so many friends in the industry.

This weekend I will expand further on how I am using them in my own portfolio and some other Wealthtech trends.

Have a great Friday.