ETF TV

Deborah Fuhr & Margareta Hricova
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Each week, ETF TV, brought to you by Deborah Fuhr and Margareta Hricova, are joined by industry leaders to look at the business of ETFs from every angle; regulatory, construction, trading, risk and investment trends like ESG, Active and Crypto. We provide a weekly insight into the ETF ecosystem globally for ETF professionals and investors.

  1. 5d ago

    Beyond Market Access: MSCI on the Next Phase of ETF Connect

    Ketaki Garg, APAC Head of Quantitative Index Research Solutions at MSCI, joined ETF TV’s Deborah Fuhr and Margareta Hricova to discuss how ETF Connect is reshaping cross-border investing and giving mainland Chinese investors greater access to international markets and diversified investment opportunities.Garg noted that investor demand across Asia Pacific is increasingly focused on strategies such as income generation, climate-transition aware, thematic exposures and managing concentration risk. While high-dividend strategies remain popular, investors are exploring other approaches to enhance income and yield. Interest is also growing in themes such as artificial intelligence, electrification and rare earth minerals.Since its launch in 2022, ETF Connect has grown significantly, particularly through the Southbound channel, reflecting strong demand from mainland Chinese investors. The channel has also emerged as a complement to Qualified Domestic Institutional Investor (QDII) routes for mainland Chinese investors seeking global exposure. More ETFs now provide access to overseas equity markets, including U.S. equities, highlighting investor interest in greater global diversification. MSCI works closely with ETF issuers to translate a thematic view into a transparent, rules-based and investable index, tailored to their specific product needs. Many of these indexes are built on a 65/35 framework, anchoring the core allocation in Hong Kong Southbound-eligible securities while allocating the remainder to targeted international exposures.The discussion also covered the latest development of MSCI's ETF Connect Index Series and the considerations involved in meeting regulatory requirements while addressing diversification rules and demand for differentiated exposures. Looking ahead, MSCI is exploring the next-generation of ETF Connect indexes, which may combine different sector, factor and thematic exposures across Hong Kong and other international markets while remaining compliant with ETF Connect requirements. One direction under exploration is asymmetric design, where the Hong Kong Southbound sleeve serves as a stable core while the international sleeve carries a more targeted exposure, rather than mirroring the same theme across both sides of the 65/35 structure. "ETF Connect has become an increasingly important gateway for mainland Chinese investors seeking access to global investment opportunities," said Garg. "As the market evolves, innovation will increasingly come from differentiated exposures and more sophisticated portfolio construction."The interview highlighted ETF Connect's growing role in expanding investment choice, broadening access to cross-border investment opportunities and supporting the continued development of Asia Pacific's ETF ecosystem. ▶ Watch the full ETF TV interview: Beyond Market Access: MSCI on the Next Phase of ETF Connect▶ Learn more: MSCI ETF Connect IndexSeries About ETF TV ETF TV provides insights, interviews and analysis on the global ETF industry, featuring leading voices from across asset management, regulation and capital markets.You can watch this episode and previous episodes on ETF TV and YouTube.  Thank you to MSCI for sponsoring this episode. For further information on MSCI visit https://www.msci.com/ ETF TV is your insight into the world of exchange-traded funds, issuers and investment.  Register to receive updates and watch prior episodes at www.ETFtv.net and make sure to follow us on LinkedIn – ETF TV company page and ETFs Network group.

  2. Sep 29

    Philippe El-Asmar Explains Why Active ETFs Are Poised for Significant Expansion Across Asia-Pacific

    Asia-Pacific ETF Boom Accelerates as Active ETFs Enter a New Growth Phase In a recent episode of ETF TV, Deborah Fuhr, Managing Partner of ETFGI, and Margareta Hricova, Managing Director at ETFGI, spoke with Philippe El-Asmar, Managing Director, Head of ETF, Direct & Digital, Asia Pacific at J.P. Morgan Asset Management, about the trends reshaping the Asia-Pacific ETF market and the growing momentum behind active ETFs. El-Asmar highlighted that Asia-Pacific has become one of the fastest-growing ETF regions globally, with locally listed ETF assets reaching approximately US$2.7 trillion(1). While the global ETF industry has historically doubled in size every five years, Asia-Pacific ETF assets have been doubling roughly every three years. Japan has recently overtaken China as the region's largest ETF market, while Taiwan, Korea, India, and China markets are expected to be among the key drivers of future growth. A central theme of the discussion was the rapid development of active ETFs across the region. Although many Asia-Pacific markets only approved active ETFs within the past decade, active ETF assets have already reached approximately US$180 billion(2). El-Asmar noted that adoption remains uneven because regulatory approvals have occurred at different times across markets, but he expects the pace of growth to accelerate as more countries open their markets to active ETFs China is expected to become a major catalyst for the next phase of industry growth, with the first active ETF launches anticipated in the coming months. El-Asmar also suggested that India could eventually follow, creating additional opportunities for issuers and investors. The discussion also explored changing investor preferences. Across Asia-Pacific, income remains one of the strongest investment themes, with covered call and derivative-income ETFs proving particularly popular among retail investors. Institutional investors, meanwhile, are increasingly using ETFs for cash management, yield enhancement, and benchmark-plus strategies designed to generate alpha while maintaining core market exposure. Looking ahead, El-Asmar believes investor education will be critical. With nearly 5,200 active ETFs globally(3), helping investors understand the benefits, risks, and appropriate use cases of these products will be essential to sustaining long-term adoption. As active ETFs gain traction and new markets open to innovation, the Asia-Pacific region appears poised to remain one of the most dynamic growth engines in the global ETF industry. About ETF TV ETF TV provides insights, interviews and analysis on the global ETF industry, featuring leading voices from across asset management, regulation and capital markets. You can watch this episode and previous episodes on ETF TV and YouTube.  ETF TV is your insight into the world of exchange-traded funds, issuers and investment.  Register to receive updates and watch prior episodes at www.ETFtv.net and make sure to follow us on LinkedIn – ETF TV company page and ETFs Network group. ________________________________________________________ 1. Source: Bloomberg, Morningstar, Local ETF AUM data as of 30 June 2026. Local AUM is for locally domiciled ETFs only. 2. Source: ETFGI, Bloomberg, J.P. Morgan Asset Management projection, data as of 31 July 2026. 3. Source: Bloomberg, J.P. Morgan Asset Management, as of 30 Jun 2026.

  3. Jul 6

    ICI President & CEO Eric Pan Discusses the Need for Tax Reform to Support Long-Term Investing on ETF TV

    During an interview with ETF TV host Deborah Fuhr at the  ICI ETF Conference in Nashville, ICI President and CEO Eric Pan called for reforms to the taxation of U.S. mutual funds and defended the tax efficiency of ETFs. Pan highlighted that mutual fund investors can receive annual capital gains tax bills even when they have not sold their investments, while ETF investors generally defer taxes until they sell their holdings. He argued that the current mutual fund tax treatment can discourage long-term saving and investing. Pan expressed support for the proposed Growth Act, legislation that would modernize mutual fund taxation, while acknowledging the challenges of advancing tax reform amid federal budget concerns. He also pushed back against proposals to alter ETF taxation, emphasizing that ETF investors are not avoiding taxes but simply paying them when gains are realized. “Tax policy should encourage Americans to invest and save for the future, not penalize them for doing so,” Pan said. Pan concluded by stressing the importance of investor education and advocacy, noting that many investors remain unaware of the potential impact tax policy changes could have on their long-term savings and investment outcomes. Key Takeaways: ICI supports reforms to modernize mutual fund taxation.ETFs continue to provide tax-efficient exposure for investors.ICI opposes proposals that would reduce ETF tax advantages.Investor education will be critical as tax policy debates continue in Washington.Encouraging long-term investing remains a key public policy objective. About ETF TV ETF TV provides insights, interviews and analysis on the global ETF industry, featuring leading voices from across asset management, regulation & capital markets. You can watch this episode and previous episodes on ETF TV and YouTube. You can also listen to this and previous ETF TV episodes as podcasts on: ⁠ETF TV⁠ is your insight into the world of exchange-traded funds, issuers and investment.  Register to receive updates & watch prior episodes at ⁠www.ETFtv.net⁠ and make sure to follow us on LinkedIn – ⁠ETF TV⁠ company page & ⁠ETFs Network⁠ group

  4. Jun 24

    Shelly Antoniewicz, Chief Economist at the Investment Company Institute, shares key insights on the continued growth and evolving use of ETFs among US retail investors in an interview on ETF TV

    Speaking at the Investment Company Institute (ICI) 2nd Annual ETF Conference in Nashville, Shelly Antoniewicz, Chief Economist at the Investment Company Institute, shared key insights on the continued growth and evolving use of exchange traded funds among US retail investors in an interview with Deborah Fuhr of ETFGI for ETF TV. The conference attracted a large audience of industry participants and highlighted the increasing importance of ETFs in portfolio construction across both institutional and retail segments. Retail ETF adoption continues to expand Antoniewicz noted that 20 million US households now own ETFs, representing approximately 15% of all US households. This marks a significant increase from 2010, when only 3 million households (3%) held ETFs, underlining a sustained trend of rising adoption. “While adoption is not yet universal, the growth over the past 15 years has been substantial,” said Antoniewicz. Broad demographic appeal across age groups Contrary to common perceptions, ETF ownership in the US spans a broad demographic base: ·       The median age of ETF investors is 51 ·       15% of ETF investors are under 35 ·       14% are aged 65 and above ·       Ownership is broadly distributed across age brackets “This data highlights that ETFs are being adopted across generations, not just by a single demographic group,” Antoniewicz explained. Key drivers: cost, diversification and flexibility According to ICI research, the primary drivers behind retail ETF adoption include: ·       Cost efficiency ·       Diversification benefits ·       Intraday trading flexibility Investors value the ability to trade ETFs throughout the day, even if they do not actively trade, as well as the wide range of exposures available for portfolio construction. Growing role of ETFs in retirement portfolios ETFs are increasingly being used as part of long-term savings strategies: ·       60% of ETF-owning households hold ETFs within IRAs This trend highlights the growing role of ETFs as core building blocks for retirement investing in the US. Education remains a key barrier to entry Despite the strong growth, Antoniewicz identified financial literacy and understanding of ETF trading mechanics as a barrier, particularly for newer & younger investors. Key challenges include: ·       Understanding liquidity ·       Navigating bid-ask spreads ·       Using appropriate order types While educational resources & digital platforms are helping address these gaps, trust in information sources—particularly online communities & social forums—remains critical. Outlook: younger investors to drive future growth Looking ahead over the next three to five years, Antoniewicz emphasised that millennials and Gen Z investors will be the primary drivers of ETF growth: ·       Millennials already represent approximately one-third of ETF-owning households ·       As these cohorts enter their peak earning years, ETF usage is expected to increase significantly ·       Financial advisors continue to expand ETF usage, with ETF allocations rising to about 50% of client assets among fee-based advisers, up from 17% a decade ago In addition, intergenerational wealth transfer is expected to reinforce ETF adoption, as younger investors are likely to allocate inherited assets into familiar ETF products. Conclusion The interview underscores the continued evolution of ETFs from a niche investment vehicle to a mainstream solution for retail investors, supported by strong structural drivers including cost efficiency, portfolio versatility, & increasing advisor adoption. About ETF TV ETF TV provides insights, interviews and analysis on the global ETF industry, featuring leading voices from across asset management, regulation & capital markets. ETF TV is your insight into the world of exchange-traded funds, issuers and investment.  Register to receive updates & watch prior episodes at www.ETFtv.net and make sure to follow us on LinkedIn – ETF TV company page & ETFs Network group

  5. May 25

    State Street’s Frank Koudelka discusses the ETF Inflection Point Senior Executives Still Underestimate on ETF TV (Part 2)

    In this second instalment of ETF TV’s in-depth interview series, Frank Koudelka, Senior Vice President, ETF Product Solutions at State Street, joins Deborah Fuhr and Margareta Hricova to explore the forces shaping the global evolution of exchange-traded funds—and what lies ahead for the industry. The conversation highlights how ETFs have demonstrated resilience across multiple periods of market volatility, supported by their structural advantages, including transparency, liquidity, and intraday tradability. These characteristics have enabled investors to respond dynamically to changing market conditions and reinforce ETFs as a core portfolio building block. A central theme throughout the discussion is the critical role of regulation in accelerating ETF adoption globally. Koudelka points to reforms such as the elimination of retrocessions and enhanced fee transparency—across markets including Australia, Canada, and Europe—as catalysts that have driven investor demand toward ETFs. These regulatory shifts have reinforced the value proposition of ETFs by highlighting lower costs, transparency, and alignment with investor outcomes. Looking beyond the U.S., the interview underscores that while the U.S. remains the dominant ETF market, global success requires a far more nuanced, market-by-market approach. Europe and Asia present distinct regulatory frameworks, investor bases, and distribution channels, requiring issuers to tailor strategies to institutional versus retail demand and to navigate fragmented regulatory environments. Koudelka and Fuhr also examine emerging growth regions, identifying Latin America—where cross-border structures such as UCITS play a key role—and the Middle East, where rising wealth and increasing investor sophistication are expected to drive significant ETF adoption in the coming years. The discussion further explores how the ETF value chain is evolving, with innovation continuing to expand the use cases for ETFs. Active ETFs, income-generating strategies, downside protection, and access to private markets are reshaping the product landscape, while advances in digital infrastructure—such as tokenisation—have the potential to broaden distribution and, over time, fundamentally transform market structure. These trends are consistent with broader industry shifts toward innovation, digitalisation, and expanding asset class access within the ETF wrapper. Reflecting on his career, Koudelka emphasises a pivotal insight: the ETF should be viewed not as a passive product, but as a highly efficient delivery vehicle capable of supporting a wide range of investment strategies. This evolution is driving increased competition, greater investor choice, and continued industry growth. Looking ahead, the interview concludes with a clear message for the next generation of ETF leaders: remain nimble, embrace innovation, and avoid constraining ETFs within traditional definitions. As the industry continues to broaden its applications—from income solutions to alternative assets—ETFs are positioned to play an increasingly central role in global investment portfolios. Thank you, Frank for your contributions to the ETF industry.  Enjoy your retirement! This episode is essential viewing for ETF leaders, board members, and strategists.This is part one of a two part interview. 🎥Watch at www.ETFtv.netYou can watch this episode and prior episodes at: ETF TV and on YouTube.ETF TV is your insight into the world of exchange-traded funds, issuers and investment. Register to receive updates and watch prior episodes at www.ETFtv.net and make sure to follow us on LinkedIn – ETF TV company page and ETFs Network group. Disclaimer: ETF TV is a news update and is intended for informational purposes only. ETF TV does not provide investment advice nor recommend products. If you are interested in sponsoring, being a guest, or have any questions on ETF TV, please email deborah.fuhr@etftv.net.

  6. May 3

    State Street’s Frank Koudelka discusses the ETF Inflection Point Senior Executives Still Underestimate on ETF TV

    ETF TV, the premier source for insights into the global ETF industry, shares its latest episode featuring Frank Koudelka, Senior Vice President, ETF Product Solutions at State Street, in conversation with Margareta Hricova and Deborah Fuhr.In one of his final interviews ahead of retirement, Koudelka reflects on the key inflection points that reshaped ETFs—from the shift beyond “passive vs. active” to ETFs’ emergence as core market infrastructure and policy tools. The discussion offers candid insights into what senior executives still underestimate, including the importance of capital markets expertise, distribution opacity, and ETFs’ role in price discovery during periods of market stress.From regulatory change unlocking active ETFs to governments and central banks using ETFs for market stabilization.Equally striking is the discussion on what continues to be misunderstood—even by experienced asset managers entering the ETF space. Koudelka highlights two recurring blind spots: Capital markets expertise and distribution opacity.Unlike mutual funds, ETFs operate simultaneously in primary and secondary markets, making market quality, liquidity management, and data strategy mission‑critical rather than ancillary.This episode is essential viewing for ETF leaders, board members, and strategists.This is part one of a two part interview. 🎥Watch at www.ETFtv.netYou can watch this episode and prior episodes at: ETF TV and on YouTube. ETF TV is your insight into the world of exchange-traded funds, issuers and investment. Register to receive updates and watch prior episodes at www.ETFtv.net and make sure to follow us on LinkedIn – ETF TV company page and ETFs Network group.Register to attend one or more of our 6 annual regional in person ETFGI Global ETFs Insights Summits  2026 events: 7h Annual - Latin America, May 20th in Mexico City at BIVA Bolsa Institucional de Valores and May 21st virtual. Register now.7th Annual - Asia Pacific, September 9th in Hong Kong and September 10th virtual. Register now.7th Annual - United States, September 29th in New York City. Register now.7th Annual - Middle East & GCC, October 20th in Dubai. Register now.7th Annual - Europe & Africa, November 19th in London and November 20th virtual. Register now.8th Annual- Canada, December 8th in Toronto at Borden Ladner Gervais LLP (BLG)'s office. Register now.🆓 Free Registration: For CFA members, buy-side institutional investors, and financial advisors.📚 CPD Credits: Earn educational credits.Disclaimer: ETF TV is a news update and is intended for informational purposes only. ETF TV does not provide investment advice nor recommend products.If you are interested in sponsoring, being a guest, or have any questions on ETF TV, please email deborah.fuhr@etftv.net

  7. Mar 19

    3iQ’s Greg Benhaim discusses growing institutional demand for digital assets in ETFs on ETF TV

    ETF TV, the premier source for insights into the world of exchange traded funds (ETFs), issuers, and investments, is pleased to share its latest episode featuring Greg Benhaim, Executive Vice President of Product and Head of Trading at 3iQ, outlines why regulated ETF structures, active digital‑asset management, and next‑generation market infrastructure are driving the next wave of innovation across global portfolios on ETF TV with Margareta Hricova and Deborah Fuhr. Benhaim highlighted that traditional banks—particularly in Canada—are shifting from observers to active participants as digital assets integrate further into mainstream finance. After years of waiting for regulatory clarity and building internal expertise, banks are now either listing existing regulated crypto ETFs on their platforms or developing their own products. He cited 3iQ’s partnership with Scotiabank on DXMC, Canada’s first actively managed, bank‑sponsored crypto product, as a pivotal milestone signaling broadening institutional willingness to engage through transparent, regulated ETF structures. He noted that this shift is being driven by strong client demand from both institutional and retail allocators, combined with banks’ desire to keep assets within their ecosystems while positioning ahead of technological disruption. As banks act as gatekeepers to significant pools of capital, their growing participation is expected to accelerate adoption, de‑risk implementation, and validate digital assets as a distinct, scalable investment category within multi‑asset portfolios. Looking ahead, Benhaim emphasized that the next wave of digital asset ETP innovation will move beyond single‑asset beta exposure—a segment that has become increasingly commoditized across Canada, the U.S., Europe, and Asia. Future growth, he argued, lies in active management, where digital assets’ structural inefficiencies, unique cycles, and evolving sectors offer opportunities for alpha, risk management, and dynamic allocation. He also anticipates the emergence of multi‑asset solutions—including blended indices such as “S&P 500 + Bitcoin”—as advisors and CIOs seek tools that integrate digital assets into portfolio construction rather than treat them as standalone exposures. On tokenization, Benhaim stressed that it is not a product but an upgraded distribution and market‑infrastructure rail, analogous to the shift from paper certificates to electronic trading. Near‑term adoption is likely to focus on tokenized versions of familiar instruments—funds, treasuries, and credit—operating within established compliance and investor‑protection frameworks. Longer term, he expects natively on‑chain financial products to unlock meaningful advances in settlement speed, programmability, collateral efficiency, and global access—potentially reshaping market structure and broadening participation far beyond traditional intermediaries. Together, these developments underscore a defining moment: digital assets are transitioning from a niche allocation to an integrated component of institutional portfolio architecture, supported by regulated ETF wrappers, bank participation, active management, and the emergence of next‑generation infrastructure through tokenization. You can watch this episode and prior episodes at: ETF TV and on YouTube. Thank you to 3iQ for sponsoring this episode. For further information on 3iQ visit https://www.3iq.io/ ETF TV is your insight into the world of exchange-traded funds, issuers and investment. Register to receive updates and watch prior episodes at www.ETFtv.net and make sure to follow us on LinkedIn – ETF TV company page and ETFs Network group. Disclaimer: ETF TV is a news update and is intended for informational purposes only. ETF TV does not provide investment advice nor recommend products. If you are interested in sponsoring, being a guest, or have any questions on ETF TV, please email deborah.fuhr@etftv.net

  8. Feb 18

    Cullen Rogers, Wedbush Funds Advisers discusses the evolution in the use of Thematic ETFs on ETF TV

    ETF TV, the premier source for insights into the world of exchange traded funds (ETFs), issuers, and investments, is pleased to share its latest episode featuring Cullen Rogers, CIO of Wedbush Fund Advisers, who joins Margareta Hricova and Deborah Fuhr on ETF TV to provide a sharp look at how ETF usage and product innovation are evolving across advisor and institutional portfolios.He highlights a meaningful shift in thematic ETFs, which have matured from short‑term tactical tools used by active managers into more structurally differentiated building blocks within modern portfolios. Rogers notes that the days of “ticker-first, strategy-later” thematic launches are fading; today’s investors expect credible, targeted exposures that capture long-term secular themes such as AI, compute power, and other emerging technological pillars. Rogers emphasizes that Wedbush’s ETF approach differs from many newer entrants due to the firm’s 70-year heritage, deep research resources, and disciplined product design philosophy. Rather than flooding the market with undifferentiated offerings, Wedbush focuses on structural innovation, identifying gaps where existing ETFs are incomplete, outdated, or too generic. Their upcoming launches—including strategies centered on return on leadership and power and infrastructure—aim to blend thematic relevance with core portfolio utility. Looking ahead, Rogers sees significant opportunity in the next phase of ETF evolution: More precise thematic exposures supported by advances in technology and data.A rapid expansion in structured ETF products, offering institutional-style payoff profiles in liquid vehicles.Continued growth in defined‑outcome, autocallable, and more complex income-oriented structures.A major push into liquid alternatives as investors demand tools that hedge, diversify, and perform across varied market regimes. He underscores that after years of bull‑market conditions, the industry must now focus on strategies engineered to behave consistently through volatility and shifting macro environments. As investor needs become more specialized, the ETF wrapper’s flexibility and tax efficiency position it as the preferred vehicle for delivering next‑generation strategies. You can watch this episode and prior episodes at: ETF TV and on YouTube. Thank you to Wedbush Funds Advisers for sponsoring this episode. For further information on Wedbush Funds Advisers visit https://wedbushfunds.com/ETF TV is your insight into the world of exchange-traded funds, issuers and investment. Register to receive updates and watch prior episodes at www.ETFtv.net and make sure to follow us on LinkedIn – ETF TV company page and ETFs Network group. Disclaimer: ETF TV is a news update and is intended for informational purposes only. ETF TV does not provide investment advice nor recommend products. If you are interested in sponsoring, being a guest, or have any questions on ETF TV, please email deborah.fuhr@etftv.net

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About

Each week, ETF TV, brought to you by Deborah Fuhr and Margareta Hricova, are joined by industry leaders to look at the business of ETFs from every angle; regulatory, construction, trading, risk and investment trends like ESG, Active and Crypto. We provide a weekly insight into the ETF ecosystem globally for ETF professionals and investors.

Information

  • Creator
    Deborah Fuhr & Margareta Hricova
  • Years Active
    2021 - 2026
  • Episodes
    118
  • Rating
    Clean
  • Copyright
    © Deborah Fuhr & Margareta Hricova
  • Show Website
    ETF TV