And regardless, as participants in this industry, we can continue to innovate and to launch interesting new products that investors are looking for and continue to move the industry forward. “There’s an optimism that hey, maybe 23 won’t be as bad as 22. “I still felt that there was a healthy, realistic optimism,” said Amrita Nandakumar, president at ETF sub adviser Vident Investment Advisory. While growth-oriented strategies were less in favor, conference attendees were hopeful. JPMorgan’s asset management arm estimates the strategy will grow to make up to 20% of total ETF assets in five years.ĭespite the conference’s lack of bull-market euphoria, the industry is coming off of its second best year for inflows and launches. While the first ETFs introduced passive, index-tracking strategies, active funds are becoming more popular. “Even the firms that are here back-to-back years, what they’re showcasing is more defensive and more cognizant of the environment we’re in today where there’s likely to be slower growth, where there’s a need for stability, even fixed income,” said Todd Rosenbluth, head of research at VettaFi, which produces the ETF Exchange conference.Īctively managed ETFs were also in focus. Conversations focused on dividend-ETFs, so-called “buffer-ETFs” that protect investors from big losses during market downturns, and low-volatility funds. and BlackRock’s iShares dominated the front hall of the event. This year, it’s just back to mugs,” said Psarofagis.ĮTF mainstays State Street, Invesco Ltd. “I feel like they were handing out really cool stuff last year. Valkyrie declined to comment.Įven conference merch had a little less flair. This year one of the only event booths with a crypto focus was in the back corner of the conference hall.Ī Grayscale spokesperson said the firm’s ETF team was in Miami, but other members of the team are spending time in Washington DC ahead of oral arguments in March for Grayscale’s lawsuit against the SEC to convert GBTC to an ETF. Other notable no-shows were speakers and booths from firms like Grayscale Investments and Valkyrie Funds, which had huge presences last year, when many crypto enthusiasts extended their stays in Miami for a week and there were debates over when the US Securities and Exchange Commission would approve a spot Bitcoin ETF in the US. ARK, which did not have a booth or sponsor the four-day event after being a top sponsor last year, declined to comment. Psarofagis noted the absence of Wood, who “was on a bunch of panels,” in 2022. Its gentle vibration provides a new level of sensory stimulation to increase oral focus and draw. Use it to provide a varied sensory experience and/or to provide targeted tactile cues within the oral cavity. This year the booths for the thematic products were definitely smaller.” ARK’s Z-Vibe® is a vibratory oral motor tool that can help build oral tone and improve a variety of speech, feeding, and sensory skills. This year was more “back to the basics” said Athanasios Psarofagis, ETF analyst with Bloomberg Intelligence. There was even a panel celebrating the industry’s oldest product: the SPDR S&P 500 ETF Trust (ticker SPY). In their place were industry heavyweights like Vanguard Group - the world’s second-largest ETF manager. Panels about cryptocurrency, conversations around growth-oriented strategies like environmental, social, and governance (ESG) and single-stock ETFs, as well as Wood’s ARK Investment Management were all missing from the conference. While speculative assets like Cathie Wood’s funds rallied at the start of this year, the impact of 2022’s rout was evident. Industry professionals and financial advisors who gathered once again in Miami, Florida, this week noticed a slight vibe shift - away from risky areas of the market. ARK Z-Vibe not included.(Bloomberg) - For the nearly 2,000 attendees of the ETF Exchange conference, a lot has changed in a year. Please supervise use at all times and replace the item at the first sign of wear. Some individuals, especially those with severe oral needs and aggressive biting/chewing, may be able to damage the attachment. Notes: Although the attachment is made of sturdy, high quality materials, it is not indestructible.
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