By time you’re the world’s biggest event inside the fast-growing sub-segment in the financial industry, people take notice.
That was certainly the issue with ETF.com’s Inside ETFs conference, that I’ve just returned.
There were numerous key takeaways.
One is the fact while many people really like to fret – it makes them look seasoned, frugal, and smart – frequently that worry is misplaced.
Professor Jeremy Siegel did a fantastic job of debunking the strength of Shiller’s CAPE Ratio, which puts the P/E ratio poor the ultimate 10 years which has shows U.S. markets in above- average territory.
Siegel’s conclusion was that no, U.S. markets aren’t widely overpriced.
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Another important lesson was that emerging markets might emerge. The quote to keep in mind relating to this subject: “Emerging financial markets are markets you can’t leave in desperate situations.”
There were a lot more, to make certain, throughout four days – but two more have profound implications, when extrapolating them in a changing arena of regulation and disclosure in Canada:
The first: Never underestimate the strength of free. (You’d be surprised what individuals would do for a free coffee card)
The second: Behaviours may be altered. With compelling clarity and transparency, change can materialize, and compliance can reach previously hard-to-dream-of levels.
The implications for anyone is the fact while 2015 marked the 25th anniversary for ETFs, 2016 – despite, and even perhaps helped by tougher markets – may be their true breakout year in Canada. And also you know very well what? Is it ready? Yes. Are you currently?
As your final note, listed here are the very best five quotes from the inside ETFs, as relayed by Bloomberg ETF analyst Eric Balchunas:
1. “Exactly what are these individuals doing?”- New Bond King Jeffrey Gundlach’s undertake the FED’s December rate hike.
2. “Don’t let them push us To the Darkness!” – Factset Research System’s director of ETFs Dave Nadig, worrying that ill-conceived regulatory changes might have devastating implications.
3. “We’re a vintage Industry, Second Only to Wal-Mart Greeters” – Ritholtz Wealth CEO Josh Brown, suggesting financial advisors, who’ve a typical chronilogical age of 50.9, utilize social media to remain relevant
4. “Everything Fills up every 7 years” – Mr. Wonderful Kevin O’Leary on why he effectively is all-in the “Smart Beta” phenomenon, trying to ride his factors – quality, yield and low volume – to some Mr. ETF status via his U.S. listed O’Shares.
5. “A Pool Filled with Beer may be the only answer” – Boom Doom and Gloom’s Marc Faber, an esteemed compatriot of mine (no, not Canadian, Swiss), who captures perfectly here the sentiment shared with a lot of an expert advisor or investor after January’s wild ride.
Yves Rebetez is md of ETFinsight.
