Global Bond Sell Off Hits Markets, JPMorgan's Tokenized Fund Filing | ETF IQ 5/18/2026

Watch on YouTube ↗  |  May 18, 2026 at 18:27  |  44:37  |  Bloomberg Markets
Speakers
Eric — Bloomberg ETF Analyst
Paul Bayaki — Head of Fund Sales and Strategy, SSNC Alps Advisors
Kathy Kellert — Head of Index Equity Product, Vanguard
Matt Brill — Head of US Investment Grade, Invesco

Summary

The episode covers a global bond selloff, the rapid growth of the DRAM ETF, JPMorgan's tokenized fund filing, and a traffic light analysis of small-cap value ETF AVUV. Guests include Matt Brill on credit markets, Paul Baiocchi on the ELFY electrification infrastructure ETF, and Kathy Kellert on Vanguard's new international ETFs. The show also discusses ETF flows, new product launches, and a trivia segment.

  • Global bond yields hit multiyear highs, with the 30-year Treasury near levels not seen since 2007.
  • DRAM ETF approaches $10 billion in assets in just 43 days, outpacing IBIT's record.
  • JPMorgan files for its second tokenized fund on Ethereum, targeting treasury and repo exposure.
  • AVUV (small-cap value ETF) receives a green light on Bloomberg's risk traffic light system.
  • Paul Baiocchi pitches ELFY as a diversified play on AI-driven electricity demand and infrastructure.
  • Vanguard launches two low-cost developed ex-U.S. ETFs (VDV and VDG) to meet demand for international diversification.
  • Flows show outflows from SPY and some industrial ETFs, while inflows favor QQQ and VOO.
  • Eric and Scarlett compete in an ETF trivia quiz covering single-stock ETFs and synthetic cash strategies.
Trade Ideas
Eric Bloomberg ETF Analyst 19:51
Small-cap value ETF AVUV is strong.
AVUV, a small-cap value ETF, is outperforming the S&P 500 this year (up 15% vs 8%) and seeing inflows, making it a legitimate play in a space that often struggles to attract sustained attention. The ETF receives a green light on the Bloomberg Intelligence traffic light system, with only one minor risk factor for being actively managed.
AVUV MED
Paul Bayaki Head of Fund Sales and Strategy, SSNC Alps Advisors 24:46
Electrification infrastructure ETF ELFY is promising.
ELFY, the Electrification Infrastructure ETF, offers targeted exposure to companies benefiting from surging electricity demand driven by AI data centers, reshoring, and renewable energy mandates. Its equal-weight methodology prevents overconcentration and allows for mean reversion, making it an additive portfolio diversifier that has crushed the S&P 500 since launch.
ELFY HIGH
Kathy Kellert Head of Index Equity Product, Vanguard 34:10
New Vanguard international ETFs for diversification.
Vanguard's newly launched developed ex-U.S. growth (VDG) and value (VDV) ETFs provide low-cost (8 bps), broad-based international index exposure as long-term portfolio building blocks. They respond to investor demand for more targeted international allocations and offer diversification away from the U.S.-dominated global equity market (65% U.S. weight).
VDV VDG MED
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This Bloomberg Markets video, published May 18, 2026, features Eric, Paul Bayaki, Kathy Kellert discussing AVUV, ELFY, VDV, VDG. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Eric, Paul Bayaki, Kathy Kellert  · Tickers: AVUV, ELFY, VDV, VDG