Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:More ETF Issuers Pull Stars off of the Quad Not Rated 3.0 Email Routing List Email & Route  Print Print
Wednesday, June 20, 2007

More ETF Issuers Pull Stars off of the Quad

Reported by Sean Hanna, Editor in Chief

ETF startup IndexIQ, Inc. is the latest advisor in the exchange-traded fund game to lock up a star from academia. The Wall Street Journal's Fund Track column reports that IndexIQ lassoed Yale professor Frank J. Fabozzi as a senior advisor. The signing takes a page from the playbook of rivals, including WisdomTree which signed Jeremy Siegel, a professor at U. Penn's Wharton School.

Last week Barclays Global Investors also brought Princeton Prof Burton Malkiel to a media conference where he endorsed ETFs before touting the merits of investing in China (ironically, the bulk of the Fund Track reports on closed end funds investing in China and the liklihood that the Chinese stock market is overvalued).

Malkiel, a longtime Vanguard board member and an early proponent of indexing, also engaged in some good-humored joshing of Vanguard founder during the press briefing during which he acknowledge the rift between the two father of indexing that has arisen over the role of ETFs versus mutual funds. Noting that he had reviewed Bogle's last book for the New York Times, Malkiel doubted that Bogle would review his when it comes out. Malkiel is working on a book covering investing in China, called "From Wall Street to the Great Wall."

At IndexIQ, Fabozzi is expected to help the firm develop a series of if fixed-income products. The Yalie is well-known as an expert in bond investing and risk management. He is the editor of the Journal of Portfolio Management. He has also lent his name to asset management conferences aimed at institutional investors.

Firms in the increasingly crowded ETF market are turning to academics in a bid to differentiate what are widely viewed as commodity products sold on price. Top academics carry a special weight with investors who are the primary users of these products. More than half of ETF trading is done by institutional investors and hedge funds. Much of the retail volume comes from financial advisors who rely on indexing for their clients while they provided other services, such as asset allocation and financial planning.

Few new products are able to grab significant market share in a space that is no dominated by two players: Barclays; iShares and State Street Global Investors.
* * *
ETF Market Share Leaders
Issuer No. ETFs ETF AUM
$Bil
Share %
Barclays 136 $291.9 59.0%
State Street 59 103.3 20.9
Vanguard 32 34.7 7.0
PowerShares# 75 28.1 5.7
World Gold Trust Services 1 9.9 2.0
BoNY/Merrill (HOLDRs) 17 7.2 1.5
Rydex 25 6.0 1.2
ProShares 52 5.0 1.0
Wisdom Tree 36 3.9 0.8
DB Commodity Svs 11 1.8 0.4
Victoria Bay 2 0.9 0.2
Van Eck 5 0.8 0.2
Claymore 21 0.6 0.1
First Trust 31 0.4 0.1
Fidelity 1 0.1 0.0
XShares Advisors 17 0.1 0.0
Ziegler Capital 1 NM 0.0
# Owned by Invesco
Source: Bloomberg, Morgan Stanley Research
 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


    Sorry, no records in the database matched your search parameters. Clich back and try again.



  1. Nicsa webinar - New research by Alex Edmans and the Diversity Project - The Power of diverse thinking: How the best teams make decisions, July 1
  2. MFDF Director Discussion Series - Open Forum, July 9
  3. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 10
  4. MFDF Director Discussion Series - Open Forum (Philadelphia), July 15
  5. 2025 MMI Women in Advisory Solutions Forum, Jul 15-16
  6. Nicsa webinar - How Trusted GenAI is Transforming Data Access in Asset Management, July 16
  7. MFDF webinar - M&A and Consolidation in Asset Management, July 16
  8. MFDF webinar - ETF Conversions, July 17
  9. MFDF Director Discussion Series - Open Forum (New York), July 22
  10. MFDF Ask Anything webinar - AI Edition, July 24
  11. MFDF webinar - Use of Derivatives by RICs, July 29
  12. MFDF Director Discussion Series - Open Forum (Columbus, Ohio), August 20
  13. Samfund Soiree Boston 2025, August 21
  14. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  15. ICI ETF Conference, Sep 8-10
  16. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  17. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  18. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  19. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  20. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  21. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  22. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
  23. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
  24. 10th annual Fuse Forum, October 8
  25. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
  26. 2025 MMI Annual Conference, Oct 15-17




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use