The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 10 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Lydon: 1990s fund companies used custodians to ban short-term market timers
“If a fund company knew you were coming in and putting twenty million dollars, and then you were selling it six months later, they would actually work with the custodian. The custodian would say, they don't want that type of money, so you no longer can buy that…”
Lydon: 95% of ETF marketplace remains index-based
“Still, to this day, 95% of the ETF marketplace is index-based.”
Lydon: U.S. ETF assets grew from $650B in 2009 to $3.7T
“So in U.S., 3.7 trillion, which just at the end of the financial crisis in oh nine was about six hundred and fifty billion.”
Lydon: Top 100 ETFs hold nearly $2T in pure beta strategies
“Almost two trillion dollars is in the top 100 ETFs. So right now they're about 2200 ETFs and we're adding more every day. But the top 100 ETFs, two trillion dollars, still pure beta strategies.”
Lydon: Smart beta fees are down to nine bps at Goldman
“You can get a smart beta strategy at Goldman for nine basis points. You have pure beta strategies now for four.”
Cathie Wood's ARK Invest Quickly Reached $5B AUM by 2018
“In a short period of time, they got five billion under management.”
Lydon: ETFs account for one-third of daily trading volume on high-volume days
“When you look at high volume days on the exchange and people talk about it, ETFs account for one third of the daily asset trading, right?”
Lydon: Very few of the 2,000+ ETFs pay year-end distributions
“Even with over 2000 ETFs that are out there, how very, very few have year-end distributions.”