Rank #1: The Paradox of Choice
On the second episode of Bloomberg’s new podcast, Trillions, we take a stroll through the most popular aisles to meet some ETFs and get a better sense of the offerings. From the Cheerios of equities to the fresh produce of bonds, this episode provides an entertaining and incredibly simple way to make sense of ETFs and why they allow investors to ride capitalists' coattails.
Rank #2: Under the Hood
Rank #3: Barry Ritholtz: Use Your Disillusion I
Rank #4: Barry Ritholtz: Use Your Disillusion II
Rank #5: The ETF Space Race
On this episode , Bloomberg News reporter Rachel Evans takes a field trip into the world of space exploration for a closer look of the nascent industry and a better understanding of the ETFs offering exposure. She joins Eric and Joel to discuss why capturing profits in space may take a long time.
Rank #6: ETF Regime Ch-Ch-Ch-Changes
Joel and Eric are joined by Carolina Wilson of Bloomberg News and Tom Psarafagis of Bloomberg Intelligence to discuss these market "regime changes" and which ETFs are seeing the most action.
Rank #7: The Mystery of Smart-Beta, Explained
On this week’s Trillions, Joel and Eric explore the mysteries of smart-beta. To some, it's all a mutation of passive indexing; to others, it's a better, cheaper version of active management. "Imagine R2D2 with the head of Peter Lynch," says Eric.
And to help you understand how investors can use the products, Nir Kaissar, a Bloomberg Gadfly columnist and financial advisor, and Tom Psarofagis, an ETF analyst with Bloomberg Intelligence and former issuer of smart-beta ETFs, join to offer their perspectives.
Rank #8: ETF Tank
There are already more than 2,000 exchange-traded products out there and the market has started to feel saturated. Only about 1 percent of new ETF proposals actually ever make it to market. And of that 1 percent that do, 10 of them flop when they get there for every one that takes off. A great concept, a clever ticker symbol and a sharp pitch -- something that’s both clear and powerful -- are crucial. So too is lining up seed capital. An ETF’s chance of success increases markedly if it comes with some initial money behind it.
So, given this trend in the market, we dedicated this episode of Trillions to a competition in the Bloomberg newsroom -- a Shark Tank-esque sort of showdown -- to see who could come up with the best pitch for a new ETF.
Rank #9: Tell Us Something We Don’t Know About QQQ
On this week’s Trillions Carolina Wilson of Bloomberg News sets out to the Midwest with microphone in hand to talk to those who built the original index and the ETF as well as tracked its changes over the years. Her journey lead to some interesting discoveries as well as a trip to the Chicago zoo, where she actually got a lion to roar.
Rank #10: Inside "Inside ETFs," Part II
The event, which has grown from 450 people to over 2,000 in just 12 years, featured panels, presentations and booths on everything from artificial intelligence to environmental, social and governance (ESG) issues, and participants ranging from Paul Tudor Jones to Michael Lewis.
Aided by select interviews, Joel and Eric discuss key takeaways from the event.
Rank #11: Disruption as an Investment Thesis
On this episode of Trillions, Cathie and Rachel Evans of Bloomberg News join Joel and Eric to discuss her approach to picking stocks, identifying disruptive companies and the importance of thinking outside the box. We also explore the risks of being in such a high conviction, high active share ETF.
Rank #12: The Heartbeat Trade
Zach Mider and Rachel Evans of Bloomberg News join Joel and Eric to discuss their reporting, the nuances of heartbeat trades, and the controversy surrounding the article.
Rank #13: Our Two Dads: A Personal Look at How (Some) Boomers Use ETFs
Rank #14: 10 Billion Served: The Unsung Role of an ETF Market Maker
On this week’s Trillions, Eric and Joel speak with veteran ETF market maker Chris Hempstead of Deutsche Bank as well as Annie Massa of Bloomberg News, who just wrote about the secretive market maker Susquehanna in the latest issue of Bloomberg Markets. The discussion covers ETF mechanics, liquidity, and poker. Yes, poker.
Rank #15: This ETF is Rated R
We speak with Sylvia Jablonski of Direxion, the maker of 3x ETFs about her mission to “democratize leverage.” We also demystify these sometimes demonized products and breakdown how they work, what they hold, who should and shouldn’t use them and some of the products that see the most action.
Rank #16: The 2019 ETF Halftime Report
Rank #17: Moats and Boats (and Maybe a Dragon!)
Rank #18: Less Than Zero: A Look Into a Wild Two Weeks in the ETF Fee War
Smaller issuers such as SoFi and Salt have participated alongside market leaders BlackRock, Vanguard and State Street. Joel and Eric are joined by Rachel Evans of Bloomberg News for a dive into this two week fee cutting frenzy to break down what it means for investors and the industry.
Rank #19: ETF Rising Stars
On this week's Trillions, Joel and Eric highlight and analyze up-and-comer ETFs of the past, present and future. They are joined by Bloomberg News' Carolina Wilson on a mission to find the next big things in ETF Land.