FYI: Exchange-traded funds have been one of the most disruptive forces in investing in recent years. Burned by decades of high fees and underperformance in actively managed mutual funds, investors have turned to low-cost index ETFs in big numbers. They pulled a net $39 billion from mutual funds and handed $1.5 trillion to ETFs since 2015, according to Bloomberg Intelligence.
But the ETF industry may soon face a disruption of its own. ESG, which is part of a larger trend known as social investing, is quickly gaining adherents. It was the hot topic at the IMN Global Indexing & ETFs conference I attended recently. As fellow attendee and longtime industry observer Rick Ferri tweeted during the conference, "Many years ago, this conference was all about cap-weighted indices, a few years ago, it was all about Smart Beta. This year, it's all about ESG."
Regards,
Ted
https://www.google.com/search?source=hp&ei=a8I-Xb-qLZa7tQaswYS4Bw&q=Disruptive+ETFs+face+an+ESG+disruption+&oq=Disruptive+ETFs+face+an+ESG+disruption+&gs_l=psy-ab.3...3524.28305..33986...0.0..0.254.718.5j1j1......0....2j1..gws-wiz.....0.jmQO4GMYlpU&ved=0ahUKEwj_i4KR7tnjAhWWXc0KHawgAXcQ4dUDCAc&uact=5
