ETF IQ 7/6/2026

Смотреть на YouTube ↗ | 06 июля 2026, 20:05 | 43:33 | Bloomberg Markets

Спикеры

Anna Paglia — Исполнительный вице-президент и коммерческий директор, State Street Global Advisors

Neil Howe — Co-Portfolio Manager, Heft ETF

Sylvia Zhang — Assistant Head of Global Index, E Fund Management

Eric Balchunas — Старший аналитик по ETF, Bloomberg Intelligence

Shaheen — Bloomberg Intelligence Analyst

The episode covers record ETF flows and launches in June. Anna Paglia explains SPYM's selection as the default for Trump Accounts and State Street's improved competitive position. Neil Howe presents the Fourth Turning ETF (HEFT) strategy for a re-inflationary decade. Sylvia Zhang highlights China's surging ETF market and advocates U.S. investor allocation to Chinese equities. The SEC considers rule changes for ETF filings, and ESG themes shift toward defense, while Robinhood plans perpetual futures and Bitcoin ETFs suffer outflows. - ETF industry sees record June inflows ($9B/day) and 214 launches, the second-highest ever. - SPYM chosen as default fund for Trump Accounts due to 2bp fee and broad S&P 500 exposure, capturing mandatory contributions. - State Street launches a NASDAQ 100 ETF, challenging Invesco's long-standing dominance in that category. - SEC considers rule changes for ETF filings, including confidentiality to prevent copycat races and new intervention tools for already-launched funds. - ESG/sustainable funds increase nuclear arms exposure after EU guidance shift, raising E-S-G conflicts. - Neil Howe's Fourth Turning ETF (HEFT) bets on re-inflation, commodities, defense, and downside protection for the next decade. - Robinhood plans to offer perpetual futures on commodities and currencies in Europe to capture 24/7 trading demand. - China's onshore ETF market AUM grows over 40% annually, with retail investors driving sector ETF adoption; E Fund's Sylvia Zhang urges U.S. investors to allocate.

Идеи

Anna Paglia Исполнительный вице-президент и коммерческий директор, State Street Global Advisors 3:47

SPYM will benefit from Trump Account flows

SPYM was selected as the sole default fund for the new Trump Accounts program due to its ultralow 2 basis point expense ratio, broad S&P 500 market exposure, strong liquidity, and $40 billion in net new assets this year already. The mandatory initial contributions and matching funds will drive significant and consistent inflows, making SPYM a direct beneficiary.

Anna Paglia Исполнительный вице-президент и коммерческий директор, State Street Global Advisors 11:59

State Street ETF turnaround is underway

State Street’s ETF business is turning around with multiple tailwinds: SPYM’s selection for Trump Accounts, the launch of a competitive NASDAQ 100 ETF (challenging Invesco’s dominance), and now offering the big three indices (S&P 500, NASDAQ 100, Dow). Strong continuous flows and shrinking market share of the whole industry make the firm well-positioned for growth.

Neil Howe Co-Portfolio Manager, Heft ETF 24:58

HEFT protects and profits from re-inflationary decade

The next decade (2026–2036) will be defined by re-inflation, re‑regulation, rearmament, resource hoarding, and a shift toward authoritarian leadership, reversing the disinflationary/deregulated era of the past 40 years. The HEFT ETF is built for this by replacing fixed income with commodity futures, real return assets, and precious metals; overweighting defense, industrials, and materials equities; and deploying downside protection through managed futures, options tail hedging, and cash substitutes.

Sylvia Zhang Assistant Head of Global Index, E Fund Management 36:50

Allocate to Chinese ETFs now

China’s onshore ETF market is growing explosively with AUM up over 40% annually, driven by both institutional and retail adoption. The structural expansion, increasing market depth, and current cycle make it the right time for U.S. investors to allocate to Chinese ETFs as core portfolio exposure.