, IndexUniverse's annual ETF conference began today and will
feature various financial services industry luminaries. One of the
country's leading advisors, Ric Edelman, kicked off the three-day
event this morning with a practice management seminar on how he
built his business using ETFs.
The conference will include various speakers, including Grant's
Interest Rate Observer's Jim Grant, a critic of the Federal Reserve
and proponent of a return to the gold standard. Grant, a respected
voice in the world of macroeconomics and interest rates, will speak
about the impact of ETFs on fixed-income markets at a time when
many analysts are predicting that bond ETFs are likely to be the
focus of the exchange-traded fund industry's next big growth
Inside ETFs, considered by many to be the "see-and-be-seen" ETF
industry event of the year, takes place at a time when the ETF
industry is in full bloom, boasting a record $1.4 trillion in
U.S.-listed assets spread over some 1,400 funds. It is being held
at the Westin Diplomat, in Hollywood, Fla., Sunday through
New product rollouts slowed in the past year and fund closures
accelerated-two related trends suggesting the industry is now
exhibiting a sustainable long-term growth pattern.
One trend that bears close watching is the inflows into equity
ETFs that have been accompanied by outflows from equity mutual
funds-a zero-sum game many say may one day spread to the world of
bond investing as well.
As a point of reference, nearly three-quarter of all the money
now invested in U.S.-listed ETFs is in equities, with a bit more
than half of that figure focused on U.S. equities. Conversely, less
than 20 percent of current ETF assets are invested in fixed-income
Work And Play
The three-day conference will include various panels, a live ETF
trading workshop and keynote speeches that will touch on
macroeconomic issues, the state of the industry and the future of
China, among other things.
Other stars of the business world-if not the ETF world-attending
include Twitter founder Biz Stone, who will deliver a keynote
luncheon address on Monday-and New York Yankees General Manager
Brian Cashman, who will deliver one on Tuesday, the last day of the
The conference also comes as the first U.S. exchange-traded
fund, the SPDR S&P 500 ETF (NYSEArca:SPY), had its 20
anniversary in January.
The fund's sponsor, State Street Global Advisors, is celebrating
the occasion at the IndexUniverse conference, hosting a party on
Monday evening that's scheduled to go on until the wee hours of
CNBC, which begins its covaerage Monday, is the exclusive
broadcast partner of the 6th annual "Inside ETFs" conference.
Be sure to also catch On-Air Stocks Editor Bob Pisani on Twitter
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