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SMAs become latest fund format to appear on ETFs’ menus

Financial Times LogoFinancial Times15h ago

SMAs become latest fund format to appear on ETFs’ menus - Financial Times

Quick Summary:

Since the start of 2021 mutual funds have suffered outflows of more than $1tn in the US even as flashy upstart ETFs have pulled in $2tn, according to figures from Morningstar.

Tidal says it is currently in discussions with about 50 RIAs about either converting SMAs to ETFs or launching ETFs that duplicate the strategies of their existing SMAs.

HANetf’s initial conversion was of an SMA managed by Lloyd Capital, a Swiss wealth manager, on behalf of a Mexican family office.


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Article Details

Author / Journalist: Steve Johnson

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 04:00:53 (15 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 967 words

Reading Time: 6 minutes read

Sentences: 34 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 22026204

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Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 5 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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Publisher ID: #3

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