Challenge Facing Advisors: Growth | ETF.com

Creative Planning is one of the largest independent wealth management and advisory firms in the country, with roughly $42 billion in assets under management. The firm’s president, Peter Mallouk, will be speaking at the “WealthStack” conference in Scottsdale, AZ, Sept. 8-10, at the session titled, “What It Takes To Become An RIA Giant.” Here, he previews his appearance at the conference and talks about how Creative Planning grew into the company it is today. ETF.com: Would you give me an overview of the firm and what your typical client is…

July/August 2019 ETF Filing Roundup

The last six weeks have been an interesting time for filings. Most notably, newcomer Pacific Global Trust has filed for three funds, while First Trust filed for a raft of ETFs, as has Innovator ETFs. It should be noted that the roster of Innovator ETF filings includes one for an unprecedented product. Firms With Multiple Filings Innovator has been working to expand its lineup of ETFs, with filings for fixed income products and more defined outcome funds. The Innovator PTAM MBS ETF will be actively managed and invest in prime,…

1st August ETF Closures Final

ProShares has shut three of its ETFs, the first funds to close in August as of the end of trading on Aug. 5, 2019. The shuttered funds are as follows: The two gold miner funds, which offered -2x and 2x exposure to their underlying index, were launched in 2015 and had very little in the way of assets. The ETFs were tied to the NYSE Arca Gold Miners Index, the same benchmark that underlies the VanEck Vectors Gold Miners ETF (GDX). Meanwhile, WYDE was actively managed and invested in index-based…

Digging Into Emerging Market ETFs

[This article appears in our May 2019 issue of ETF Report.] Emerging markets has been an area under a lot of scrutiny over the last few years. The space has underperformed developed markets in the past 12 months, and many feel that fundamentals indicate it’s due for a turnaround. The 10 largest ETFs covering the broad emerging markets space range in size from $650 million to $63 billion. The group of 10 is split evenly between smart-beta and plain-vanilla cap-weighted strategies. BlackRock’s iShares unit alone dominates the space, with three…