Daily Archives: Feb 18, 2021 at 07:52 am EST

Modeling The ETF Opportunity Set: Part I

When the first exchange-traded fund (ETF) was launched in 1993, expectations were modest. The competition, after all, was the elephant in the room and had roughly a century to establish itself and dominate the industry. Nearly three decades later, open-end mutual funds still hold more assets than ETFs, but the latter long ago became a growth industry while mutual funds increasingly appear to be a sunset industry.

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Macro Briefing: 18 February 2021

* Winter weather continues to wreak havoc in Texas
* Fed officials last month discussed outlook for higher inflation
* US interest rates will continue to rise, analysts predict
* US economy could lose $1 trillion if Biden pursues sharp separation from China
* Life expectancy in US fell in first half of 2020 due to pandemic
* US jobless claims expected to ease in today’s report but remain high
* US producer prices increased the most in January since 2009
* Homebuilder sentiment in US remains firmly bullish in February
* Industrial output in US increased more than expected in January
* US retail sales surged in January, rising for first time in 4 months: