Where to find innovation in the ETF industry; Anthropic confidentially files for IPO
Speakers
Tim Urbanowicz
— Chief Investment Strategist, Goldman Sachs Asset Management
Gavin Filmore
— CEO, Tidal Financial Group
Summary
The video discusses ETF market innovation and the next AI investment wave. Tim Urbanowicz highlights emerging markets as the key area for AI gains due to valuation gaps and composition. Gavin Filmore emphasizes the benefits of ETF product proliferation for retail investors. The show also notes Anthropic's confidential IPO filing.
- ETF product proliferation allows retail investors more customized exposure.
- Tim Urbanowicz argues the next big AI opportunity is in emerging markets.
- Valuation gap between EM and US is at multi-decade highs.
- EM index is heavily weighted to South Korea and Taiwan, key AI players.
- AI trade still has strong earnings momentum, lowering valuations.
- Anthropic confidentially files for IPO.
- Bond market receives less attention amid inflation concerns.
- Market at record highs with surge in IPOs.
Trade Ideas
EM is next big AI wave
The next big wave of the AI trade, where significant money can be made, is within emerging markets. The valuation gap between EM and the US is at multi-decade highs, providing a strong entry point. The EM index is heavily weighted toward South Korea and Taiwan, key AI players whose valuations have not risen as much as in the US, leaving substantial runway for outsized gains.
Up Next
This CNBC video, published June 01, 2026, features Tim Urbanowicz discussing EEM. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Tim Urbanowicz · Tickers: EEM