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

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

Rating:Will a U.S. ETF Entrepreneur Become a Head of State? Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, March 17, 2017

Will a U.S. ETF Entrepreneur Become a Head of State?

News summary by MFWire's editors

An ETF entrepreneur is running for head of state in his native land, and he just might win.

Kevin O'Leary
O'Shares ETF Investments
Chairman
Kevin O'Leary, reality TV star known as "Mr. Wonderful" on Shark Tank who is also chairman of New York City-based O'Shares Investments, appears to be the frontrunner to be the next leader of the Conservative Party in his native Canada, Slate reports. That would make O'Leary the leading challenger against sitting Canadian Prime Minister Justin Trudeau.

O'Leary and his O'Shares team entered the U.S. ETF business in 2015 with the launch of the O'Shares FTSE US Quality Dividend ETF, and the firm now offers six ETFs in total. Its tagline is "ETFs for Conservative Long-Term Investors," and its allies include FTSE Russell, J.P. Morgan, NYSE Arca, and Stradley Ronon.

Trudeau "is vulnerable," Slate argues, and polls show O'Leary having the support of 21 to 31 percent of Canadian Conservative party members. There are 13 other contenders to lead the party, reminiscent of the U.S. Republican party's divide in the run up to last year's presidential election that led to another reality TV star, Donald Trump, becoming President of the United States. Indeed, the publication notes, O'Leary's numbers are "good enough for a real lead" over those other contenders, and "no one has found enough oxygen to become the logical rival to O'Leary." Despite, as Slate points out, O'Leary spending lots of time in the U.S. and not speaking French, and despite O'Leary only participating in three of the eleven debates held since November.

"O'Leary has strong polling, some indications he's a good fundraiser, and all the other campaigns see him as the guy to attack," Canadian poll watcher Eric Grenier tells Slate.

O'Leary announced his candidacy in January, the week before telling Inside ETFs attendees that "we're in the second inning" of the rise of ETFs.

"I'm going to make Canada wonderful," O'Leary said at the giant ETF industry conference.

There's no word on what that means for O'Shares, where O'Leary serves as chairman and longtime O'Leary colleague Connor O'Brien is CEO and president. 

Edited by: Neil Anderson, Managing Editor


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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
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




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use