77 episodes

Let’s Talk ETFs is Seeking Alpha's podcast dedicated to the exchange traded fund space. Hosted by Seeking Alpha’s ETF expert, Jonathan Liss, the podcast features long-form conversations with industry insiders, ETF issuers, asset managers and investment advisers to explore the ways in which ETFs continue to evolve, helping investors to reach their financial goals.

Let's Talk ETF‪s‬ Seeking Alpha

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Let’s Talk ETFs is Seeking Alpha's podcast dedicated to the exchange traded fund space. Hosted by Seeking Alpha’s ETF expert, Jonathan Liss, the podcast features long-form conversations with industry insiders, ETF issuers, asset managers and investment advisers to explore the ways in which ETFs continue to evolve, helping investors to reach their financial goals.

    The Year Of The Dow: Why 2021 Will Finally See DIA Outperform

    The Year Of The Dow: Why 2021 Will Finally See DIA Outperform

    In the decade-plus since the post-global financial crisis bull market rally began, the DJIA has been crushed by top U.S. index benchmark peers the S&P 500 and Nasdaq 100. The fact the Dow is "price weighted" has meant high-flying growth stocks have been left out of the index relative to value-oriented names in underperforming sectors like healthcare and financials. In today's episode of Let's Talk ETFs, WingCapital Investments' Vincent Yip and Seeking Alpha's Jonathan Liss discuss recent Dow outperformance - and why DIA's "weaknesses" have been transformed into strengths as investors rotate away from tech and growth.
    Show Notes

    5:00 - Revisiting Vincent's Vietnam thesis (VNM) (IEMG)?

    9:15 - The Dow Jones Industrial Index: One of the best known, oldest and strangest indexes for U.S. investors (DIA)

    11:00 - Is the Dow still relevant for modern investors?

    16:30 - How bad has the underperformance of the Dow been relative to the S&P 500 (SPY) and Nasdaq 100 (QQQ)?

    20:00 - Why does the Dow Jones Transportation Index's (IYT) breakout bode well for DIA's performance?

    23:30 - How does the sector composition of DIA set it up for success in this environment?

    27:00 - What are other ways you recommend playing this trend? (RSP)


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    • 35 min
    From Fad To Sustainable Trend: The ESG Juggernaut Continues To Pick Up Steam

    From Fad To Sustainable Trend: The ESG Juggernaut Continues To Pick Up Steam

    Essentially unheard of a decade ago, investing strategies that screen holdings for compliance to Environmental, Social and Governance values have captured increasing investor interest. Tony Campos, Head of Sustainable Investment, Americas, FTSE Russell, joins the podcast to explain how the process of ESG screening works at FTSE Russell. Not wanting to leave things purely academic, we go under the hood of the two largest ETFs that track FTSE Russell Indexes, Vanguard's ESG U.S. (ESGV) and International (VSGX) ETFs.

    2:30 - Meet Tony Campos, Head of Sustainable Investment, Americas, FTSE Russell.

    4:00 - What are the origins of ESG investing?

    6:45 - The "E" in ESG: What does FTSE Russell look for in companies that have positive environmental characteristics?

    10:00 - Is it safe to say that energy companies will not end up in ESG portfolios?

    14:30 - The "S" in ESG: What does FTSE Russell look for when building the social part of these indexes?

    19:00 - How is it that a company like Facebook (FB) is a top 5 weighting in FTSE Russell Index trackers like the Vanguard ESG U.S. Stock ETF (ESGV)?

    24:00 - The "G" in ESG: What's the governance piece even doing here?

    29:00 - Tax transparency and corporate tax shelters

    32:30 - How do you ensure the accuracy of the ratings data?

    36:45 - How do you select and weight index components?

    42:30 - Does ESG investing mean exchanging values for performance?

    44:30 - On ESG beyond equities: Fixed income and beyond

    46:45 - The U.S. is catching up to rest of the world in its adoption of ESG


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    • 55 min
    Riding The Blue Wave: Utilities For 2021 And Beyond With UTES' John Bartlett

    Riding The Blue Wave: Utilities For 2021 And Beyond With UTES' John Bartlett

    Despite the S&P 500 being up an impressive 18% in 2020, the utilities sector did not take part in the rally finishing the year flat. Reaves' John Bartlett has spent nearly 30 years closely tracking Utilities names through every type of investing environment. Bartlett currently co-manages the firm's flagship Reaves Utility Income Fund (UTG), as closed-end fund with nearly $1.7B in AUM. He also co-manages Reaves' first exchange-traded fund, the Virtus Reaves Utilities ETF (UTES). With a blue wave sweeping the U.S., Bartlett believes utilities are well positioned to benefit from a likely rise in corporate tax rates and a broader societal move to clean energy.
    Show Notes

    2:00 - John's background: When did you become interested in utilities?

    5:00 - An overview of the utilities sector: Gas, Electricity and Water

    7:45 - UTG: A "wider" view of the utilities sector

    10:00 - What's the outlook for utilities given the underperformance in 2020?

    18:00 - Utilities for 2021 and beyond

    23:00 - Utility stocks and energy prices

    25:30 - Riding the Blue Wave: Expectations regarding the regulatory environment under Biden and a democratic controlled congress? What about at the state level?

    29:00 - The history and future of clean energy adoption. What does it mean for utility companies?

    37:15 - Is the growing embrace of ESG investing a headwind or a tailwind for the sector?

    41:00 - On managing UTES: Why go with active management?

    42:30 - Quantitative vs. qualitative analysis

    45:45 - How much portfolio turnover is there?

    46:30 - How does the fund look from a tax management standpoint?

    48:00 - Differences between UTES and XLU (NEE) 

    50:00 - Top pick for 2021: Atmos Energy Corp (ATO)


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    • 56 min
    With Fidelity At The Forefront, The Active Equity ETF Revolution Continues To Pick Up Steam

    With Fidelity At The Forefront, The Active Equity ETF Revolution Continues To Pick Up Steam

    When Fidelity rolled out its first semi-transparent active equity ETFs in June 2020, it was far from certain these new types of ETFs would resonate with investors. With $350M in assets between FBCV, FBCG and FMIL just seven months in, Fidelity's Greg Friedman has termed the initial interest in Fidelity's semi-transparent active equity ETFs "better than anticipated". Greg re-joins Let's Talk ETFs to discuss the famed asset manager's next steps in the semi-transparent active ETF space, including four ETFs going live this week.
    Show Notes

    3:00 - Half a year later: Checking in on Fidelity's first three semi-transparent active equity ETFs

    4:45 - Who has invested in these funds so far?

    6:45 - Has there been any cannibalization of Fidelity mutual funds by this new type of active equity ETF?

    9:00 - Fund basics: Trading liquidity and spreads?

    11:45 - Breaking down the performance so far

    13:00 - How does the licensing relationship work with outside firms such as Invesco and Goldman Sachs?

    16:45 - An overview of new semi-transparent active equity strategies Fidelity is bringing to market this week


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    • 23 min
    A Trade Eight Years In The Making: Lessons From The ETF With The Highest Allocation To GameStop (SYLD)

    A Trade Eight Years In The Making: Lessons From The ETF With The Highest Allocation To GameStop (SYLD)

    Investors searching for the ETF with the highest allocation to GME at the start of 2021 would have turned up the Cambria Shareholder Yield ETF (SYLD). A quant by nature, SYLD's portfolio manager Meb Faber accumulated his outsized position in GameStop (GME) patiently over nearly a decade, sticking to his guns as shares moved consistently lower (Meb is the co-founder, CEO and CIO of Cambria Investment Management). Rather than taking a victory lap, Meb views his experience with GME as an important teaching moment for investors. This may be the most important investing podcast you listen to this year.
    Show Notes

    2:15: How the Cambria Shareholder Yield ETF (SYLD) ended up being the ETF with the largest allocation to Gamestop (GME) at the start of 2021

    8:30: 90% of investors don't have a plan - and that's a huge mistake

    10:30: Market-cap weighting works - until it doesn't: A word on position sizing

    13:30: Chasing multi-baggers is hazardous to most investors' health: Having a process and sticking to it

    18:30: An asset allocation strategy built with low-cost funds is the right approach for the vast majority of investors


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    • 25 min
    Three ETF Picks For 2021 With BOOX Research

    Three ETF Picks For 2021 With BOOX Research

    After 15 years as an analyst at top financial institutions, Dan Victor stepped out on his own in 2018 as an independent investor and market strategist. The result is his increasingly popular Seeking Alpha handle, BOOX Research, where he combines a data-driven, fundamentals-first approach to offer nearly daily stock and ETF ideas, as well as his Seeking Alpha Marketplace service, Conviction Dossier. In today's podcast, we stress test three of his' top ETF picks for 2021: Emerging Markets (IEMG), shorting the long-end of the Treasury yield curve (TBF) and international dividend growth (VIGI).
    Show Notes

    2:30 - BOOX Research's back-story

    3:30 - What does it take for an investor to be sufficiently diversified?

    8:30 - Process for finding new investing ideas

    10:00 - Top ETF picks for 2021: 1) iShares Core MSCI Emerging Markets ETF (IEMG)

    13:30 - After a decade of underperformance, what's the long case of emerging markets right now?

    16:15 - Why IEMG over other comparable ETFs like (EEM), (VWO) and (SCHE)?

    24:00 - Top ETF picks for 2021: 2) ProShares Short 20+ Year Treasury ETF (TBF)

    34:30 - Top ETF picks for 2021: 3) Vanguard International Dividend Appreciation ETF (VIGI)

    40:00 - Would you recommend the US-focused version of VIGI, (VIG)?


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    • 45 min

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