201 episodes

Money goes where it's treated best. That simple truth is a big reason why more and more money—trillions, in fact—flows into a powerful, low-cost tool that's quietly transformed investing in recent years. Exchange-traded funds, or ETFs, let you invest in everything from the stock market to gold like never before. This biweekly podcast will demystify them—and delight you in the process.

Trillions Bloomberg

    • Business
    • 5.0 • 6 Ratings

Money goes where it's treated best. That simple truth is a big reason why more and more money—trillions, in fact—flows into a powerful, low-cost tool that's quietly transformed investing in recent years. Exchange-traded funds, or ETFs, let you invest in everything from the stock market to gold like never before. This biweekly podcast will demystify them—and delight you in the process.

    Can an Outsider Fix the House that Bogle Built?

    Can an Outsider Fix the House that Bogle Built?

    For the first time in its 49-year history, Vanguard has chosen a chief executive from outside the company. His name is Salim Ramji, who previously served as head of BlackRock’s global exchange-traded fund business. The move comes as Vanguard continues to lead the industry in flows, but the giant has other challenges—such as customer service.

    How much should we expect Ramji to change, or leave the the same, in the House that Bogle Built?

    On this episode of Trillions, Joel Weber and Eric Balchunas are joined by reporter Silla Brush to answer all of these questions and look at the broader topics surrounding the constantly changing landscape of asset management. 
    See omnystudio.com/listener for privacy information.

    • 30 min
    Blackrock's Bitcoin Believer

    Blackrock's Bitcoin Believer

    The iShares Bitcoin Trust (IBIT) was the most successful ETF launch in history by nearly all metrics. For most ETFs it takes years to hit $10 billion in assets. IBIT did it in less than two months. It's now closing in on $20 billion. How much bigger will it get? Who exactly is buying it? And how did BlackRock end up being one of the firms leading the charge on ETF-izing crypto?

    On this episode of Trillions, Joel and Eric speak with Robert Mitchnick, head of digital assets for BlackRock, about the huge bitcoin ETF launch, the market for these funds, the potential ether ETF launch as well as his career at BlackRock and how he helped the firm evolve on this new frontier.
    See omnystudio.com/listener for privacy information.

    • 45 min
    The Unsung Art of the ETF Industry

    The Unsung Art of the ETF Industry

    While most of the money flowing into exchange-traded funds goes into the cheaper ones, investors are willing to pay up for certain things. And after all, ETF issuers have to pay the bills somehow. Figuring out how to price an ETF so it’s both appealing to investors and generates revenue is one of the more unsung arts of the industry.  

    On this episode, Joel and Eric speak with Athanasios Psarofagis, an ETF analyst with Bloomberg Intelligence, and Bloomberg reporter Katie Greifeld about BI’s recent ETF revenue study, which includes a breakdown of fee income generated by issuers and individual products. The conversation also touches on whether the rise of passive investing has impacted markets in the way some observers say. 
    See omnystudio.com/listener for privacy information.

    • 29 min
    And the Winner Is...

    And the Winner Is...

    The issuer of an exchange-traded fund has one main goal, and that’s to get assets—but being recognized is nice, too. Just like the Oscars, the ETF industry has its own awards show, held by ETF.com every April in New York City. Categories include ETF of the Year, Issuer of the Year, Best New Fixed Income ETF and even a Lifetime Achievement Award. Now that the tenth annual ETF awards ceremony is in the history books, we can tell you that—just like the Academy Awards—there were some notable winners as well as a few surprises. 

    Om this episode, Joel and Eric look through a number of winners with ETF.com's editor-in-chief Kristin Myers and finance reporter Lucy Brewster. 
    See omnystudio.com/listener for privacy information.

    • 35 min
    This ETF Will Be Music to Your Ears

    This ETF Will Be Music to Your Ears

    The music industry took a huge revenue hit when the MP3 came out about twenty years ago but has since found ways to make money. And now there’s an ETF for that too. 

    On this episode of Trillions, we speak with David Schulhof, founder and CEO of the MUSQ Global Music Industry ETF, about the stocks in the ETFs as well as the growth of the music industry which includes songs, platforms, concerts and the Taylor Swift economy. We also discuss his career in the music industry and whether music has gotten better or worse.
    See omnystudio.com/listener for privacy information.

    • 32 min
    Why Central Banks Love ETFs

    Why Central Banks Love ETFs

    After 17 years, the Bank of Japan finally scrapped the world’s last negative interest policy. The central bank also announced it will cease buying exchange-traded funds, an effort originally intended to revitalize the corporate sector and pump cash into the economy. So what becomes of its $475 billion ETF hoard? That’s to be determined, but just as Japan is changing course, China’s so-called “national team” has begun purchasing a handful of key Chinese ETFs.

    On this episode, Eric and Joel are joined by Bloomberg Intelligence’s Rebecca Sin, a Hong Kong-based ETF analyst and host of the forthcoming podcast Tiger Money. They discuss what might come next for Japan, why China is following a similar playbook and what it all means for investors and the global economy. 
    See omnystudio.com/listener for privacy information.

    • 20 min

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