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🗓️ 27 March 2024
⏱️ 43 minutes
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0:00.0 | ETS have been around for about 30 years now in equity markets and a little bit more |
0:09.5 | than 20 years in fixed income markets and it's not coincidental that they really came into being at the same time as the first commercial microchip because basically to make hundreds or thousands of stocks available to purchase at a single click, |
0:26.5 | which is what an E.T. lets you do, it lets you buy a portfolio in one transaction on exchange. You need a lot of computing power. |
0:35.0 | So in the last 30 years, the reason they have taken off is really they have been a new sort of technology that allow investors to |
0:45.0 | access markets and we are really talking about all kinds of markets all around the |
0:49.9 | world. the money with Katie show rich people. Today we are talking about ETFs or an |
1:05.2 | investment vehicle called the Exchange Traded Fund. I'm joined today by |
1:10.1 | Samarcoin, the chief investment officer of ETF's and Index Investments at |
1:14.6 | Icehares by Black Rock. |
1:17.4 | Think of this episode as a timeless topical deep dive, but also a chance to check in with the experts about what they're |
1:24.6 | anticipating in global markets in 2024 and beyond. |
1:31.5 | But first, let's break down the E.T.F. and how it's nestled into the broader jargon-filled landscape of things like index funds and mutual funds. |
1:42.0 | Do you remember those old Mac commercials from the mid-2000s? |
1:46.7 | Hello I'm a Mac and I'm a PC. |
1:49.7 | The Mac was played by hooded Zip Up wearing Justin Long, |
1:56.7 | aka my husband Thomas' celebrity doppelganger. |
1:59.6 | And the PC was played by Boxy Brown suit wearing John Hodgman. |
2:05.0 | I feel like you could recast those two for a commercial called, |
2:08.0 | Hi, I'm an E.T.F. and I'm a PC. |
2:11.2 | I mean, mutual fund. Mutual funds came first. a mutual funds |
2:14.0 | funds came first they basically describe what happens when a bunch of investors |
2:18.4 | pool their money and hand it over to a fund manager. This fund manager then decides which stocks and bonds and |
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