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Masters in Business

Luis Berruga on ETF Investments

Masters in Business

Bloomberg

Business, Entrepreneurship, Investing

4.42.2K Ratings

🗓️ 2 December 2022

⏱️ 71 minutes

🧾️ Download transcript

Summary

Bloomberg Radio host Barry Ritholtz speaks with Luis Berruga, the chief executive officer at Global X ETFs. Before joining Global X, which has $42 billion in assets under management, Berruga was an investment banker at Jefferies.

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Transcript

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0:00.0

What does it take to truly disrupt an industry? How do you overcome the fear of failure?

0:06.0

When is it time to take a risk?

0:08.0

Hi, I'm Bob Pippman, Chairman and CEO of I Heart Media, and these are the kind of questions

0:13.0

we explore on my podcast, Math and Magic, Stories from the Frontiers of Marketing.

0:18.0

This season, I sit down with some of the most unique thinkers to swap lessons and stories

0:24.0

on making our work bigger and better.

0:26.0

We'll hear from business leaders like Steve Cooper, CEO of Warner Music Group.

0:30.0

Technology is like an avalanche.

0:34.0

You either get out in front of it or it's just going to bury you.

0:38.0

Listen to Math and Magic on our very own free I Heart Radio app, Apple Podcast, or wherever you get your podcast.

0:48.0

This is Master's in Business with Barry Redholz on Bloomberg Radio.

0:54.0

This week on the podcast, I have an extra special guest.

0:59.0

Luis Peruga has a fascinating career as both a tech wizard and investment banker

1:06.0

before becoming CEO of Global X ETFs.

1:12.0

They are a $40 billion thematic ETF shop that have some of the most interesting ETFs

1:20.0

that are out there. Sure, most of the industry are passive giant ETFs from the likes of Vanguard

1:29.0

and BlackRock and State Street.

1:31.0

But the space that those shops don't play in are coming up with ideas for themes

1:39.0

that allow investors to focus on a very specific idea within the world of investing.

1:47.0

And we discuss everything from their founder run company ETF.

1:53.0

I love the stock symbol boss to lithium to covered coal writing within NASDAQ and S&P,

2:01.0

wind power, just on and on. They have a uranium just really fascinating ideas

...

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