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.
134 Subscribers
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© 2023 Bloomberg
Trillions
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134 Subscribers
Reviews
4.7 out of 5 stars
4.7 Based on 20 reviews
Havy09
2 out of 5 stars
Right Wing Leaning
Apolitical but we hate liberal/work policies
PhilZRykyto18
5 out of 5 stars
My favorite podcast
Great to keep up with the ETF universe.
AF-17
5 out of 5 stars
Great Podcast
Keep up the great work!!
Slackerville3
5 out of 5 stars
ETF Nerds Unite
Tons of acronyms, just the way an ETF podcast should be. Great detailed insight and current market landscape knowledge. Lots of industry-relevant guests, plus the hosts are very knowledgeable on ETF tickers, flows, sectors, and trends. Best ETF ticker ever still to come.
FundMel
5 out of 5 stars
This show is the most fun
This show is the most fun. I’m the same age and I get the Gilligans Island and Happy Days references. But there’s great content between the laughing. Thanks
The man number one
5 out of 5 stars
Solid finance podcast
Eric is really good and definitely knows his stuff... And also being in the industry, I can say I do appreciate his enthusiasm about ETFs. His knowledge is helpful.
ATLBDG
5 out of 5 stars
Triples
Can you all do a podcast on the leveraged Triple ETFs? I’m starting to believe that they’re not as straightforward as I originally thought, but don’t understand yet the inner workings. Love the podcast!....keep at it!!
skoehl
5 out of 5 stars
Great podcast
Well done, insightful, informative, engaging, and a great podcast overall.
Geor9e
5 out of 5 stars
Enjoy the show and hearing about niche ETF’s
If you like Bloomberg’s coverage on ETF’s you will love this show. Listen to it every morning with my coffee and have to say Joel and Eric are really fun to listen to and hear them dive deep into ETF’s. Eric is extremely knowledgeable on ETFs and if you read his book and watched his show you will realize he’s been in the arena for a long time. Thanks for the good content.
trillionshelper
4 out of 5 stars
Maybe.....
Excellent financial info, but what gets in the way and is a turnoff is all the bro/frat stuff. The sports, jokes, lame humor all diminish the insight and info of your show. Friends and colleagues don’t listen because they can’t get beyond the bro stuff..and often I don’t blame them. You don’t need to do it, your too smart to resort to it.
Srichards2
5 out of 5 stars
Excellent Podcast
Joel & Eric - thanks! This podcast is terrific. The amount of information could be overwhelming, but you both (and all your great guests!) really break things down into bite-size chunks of information, complete with clarity, that allow listeners (for sure me...) to really understand this space. I look forward to each podcast because I know I will learn something that will impact my knowledge and my ability to invest smart. Thanks !
rvoelker
1 out of 5 stars
Off the record means off the record
Off the record means off the record
Brian Daly, PhD
5 out of 5 stars
ETF’s the everyday person can understand
As an unseasoned investor, I found the content and discussion in this podcast to be easy to understand and useful. The co-hosts are funny, creative, and able to keep the listener engaged - no small task given the focus on ETF’s. I highly recommend.
@esgarchitect
5 out of 5 stars
Smart. Informed. Fun
Bit slow to Trillions but longtime tracker of Eric Balchunas reporting for Bloomberg. I like the vibe the team has, great producing and the work in the "spring training" paid off. Best episode was the March Medness type ETF ticker competition. Keep asking good questions, and grabbing those VoxPop at events so we have all the voices in the room. Look forward to more also keen to learn more on the mechaincs, tracking failures and success, not just the good news. Nice work team.
Hardhardhard
2 out of 5 stars
Blah blah lag lag
Hello fellow kids! Are you interested in ETFs? Do you also like pop culture references? We too love pop culture and give you 2 minutes of filler for every minute of actual ETF information on this show! Surfs up dudes!!!!
Bdirgo
3 out of 5 stars
Bring the producer back
I understood what you were talking about until she left.
VitoPukis
5 out of 5 stars
Good job!
Would love to see more single country ETFs. I think they just have around 40 single country ETFs and we have 195 counties in the world :(
Pdome
5 out of 5 stars
Explosive growth in ETFs!
Great new podcast from the Bloomberg ETF experts.
Dalton8
1 out of 5 stars
Sponsored by J.P. Morgan ETFs
I was looking forward to an unbiased look at ETFs from Bloomberg and it looks like I'm getting sponsored content spoon fed to me. I understand a need for advertisement but it seems like one without an agenda directly relating to your show would have been a better choice. I'm a fan of ETFs however it's not all roses there are downsides that need to be addressed and after hearing the sponsor I'm afraid we would delve as deep into those as we should.
Roc J
5 out of 5 stars
Such an interesting space
ETFs have really changed the game of the past several years and Eric Balchunas offers wonderful insight into ETFs, their growth and their future!
Podcast information
- Amount of episodes
- 161
- Subscribers
- 134
- Verified
- No
- Website
- Explicit content
- No
- Episode type
- episodic
- Podcast link
- https://podvine.com/link/..
- Last upload date
- January 29, 2023
- Last fetch date
- February 1, 2023 2:18 AM
- Upload range
- WEEKLY
- Author
- Bloomberg
- Copyright
- 2023 Bloomberg
susbcribers
- The ETF Story 6: The RevolutionSPY wasn’t just a hit product, it was an inspiration for an entire industry to take off. But it didn’t happen overnight. It took about 10 years for the ETF structure to be utilized for other asset classes and strategies, which today seem normal but at the time were revolutionary. On this installment we look at many of the game changing products that followed, including the first bond ETF, the first gold ETF, Vanguard’s entry and the rise of smart-beta, which was active management’s way to get into the action. See omnystudio.com/listener for privacy information.0 comments0
- The ETF Story 5: The SleeperSPDR S&P 500, or SPY, is the world’s largest ETF today with about $240 billion in assets, but it wasn’t much to look at when it debuted in 1993. Some days it was on “volume life support,” trading as little as 18,000 shares; there was even talk of pulling the plug. Yet true believers, guerrilla marketing, and a booming 1990s stock market helped the product gain favor. And once SPY took off, the markets were forever changed. This episode also explores how SPY soon inspired a host of other ETFs, from international and sectors to fixed income and gold. See omnystudio.com/listener for privacy information.0 comments0
- The ETF Story 4: The CompetitionJust as Steve Jobs and Steve Wozniak weren’t the only two geeks in a garage working on a computer in the 1970s, the AMEX wasn’t the only exchange looking to get a market basket instrument listed. The late 1980s saw multiple attempts to create something like an ETF, including SuperShares, Equity Index Participation Shares, Cash Index Participation Shares and the Toronto 35 Index Participation Units. Ultimately, SPY gets – and deserves – the lion’s share of the credit as the first ETF. But by no means was AMEX alone in the race; they were just the winners. This episode looks at the race, the players involved and why their products became historical footnotes. See omnystudio.com/listener for privacy information.0 comments0
- The ETF Story 3: The ApprovalWhen the SPDR S&P 500 Trust (SPY) was submitted to the SEC in 1988, George Michael’s "Faith" was the No. 1 song and Magic Johnson led the Lakers to another NBA Championship. By the time SPY finally launched in 1993, Nirvana had ushered in the grunge era and Michael Jordan had taken over the NBA. While the SEC wrestled with this unique product -- which was almost like a foreign object that had landed on their desks -- the whole culture had changed. In those four long years, there was much back and forth between the SEC and the SPY teams over logistics, structure, and the creation-redemption process, which was inspired by commodities warehouses. The patience and labor paid off for the ETF's creators, who figured out how to keep fees low and also earn some unintended windfalls, such as the products’ tax efficiency. See omnystudio.com/listener for privacy information.1 comments1
- The ETF Story 2: The ReportGovernment reports are known more for curing insomnia than providing inspiration for revolutionary products. The October 1987 Market Break Report might be an exception. A paragraph deep in the SEC's 800-page white paper happened to outline a “product” for trading baskets of stocks. On this episode of “The ETF Story,” you'll learn how those words gave Nate Most and Steve Bloom the idea for what would become the exchange-traded fund. You'll also hear from Vanguard founder John Bogle, who passed on Most's pitch -- and who may have shaped the ETF in the process. See omnystudio.com/listener for privacy information.0 comments0
- The ETF Story 1: The CrashThirty years ago today, the very first exchange-traded fund started trading on the American Stock Exchange. At the time, Bill Clinton had just moved into the White House and America was trying on a new role as the world's lone superpower. On Wall Street, an entire industry soon realized that the ETF was a revolution all its own. Today, there are more than 3,000 ETFs listed in the US, plus another 6,000 international ones, and together they hold $6.8 trillion in assets. In “The ETF Story,” a special six-episode series originally published five years ago, Eric and Joel explore the origins of the first ETF and how it’s come to dominate investing. Among those interviewed are Jack Bogle, Kathleen Moriarty, Bob Toll, Howard Kramer, Rob Arnott, Dave Ritter, Reggie Browne, Dave Nadig, John O’Brien, Bruce Bond and more. Here's episode 1. On Monday Oct. 19, 1987, the stock market fell 23 percent, the worst day ever for stocks two times over. It was in the aftermath of that crash that the idea for exchange-traded funds was born. And it came from a very unlikely place: the U.S. Securities and Exchange Commission. See omnystudio.com/listener for privacy information.0 comments0
- SPY at 30This month marks the 30th birthday of the SPDR S&P 500 ETF Trust (SPY), the granddaddy ETF that started it all and is still the largest and most-traded ETF in the world. But getting this ETF launched was no small task; neither was getting assets into it. Though once people saw its value-add, the financial world changed forever. This week, we speak with Jay Baker, who — as vice president of options marketing at the American Stock Exchange — worked with Nate Most and Steve Bloom to drum up interest for SPY in the early ‘90s. We discuss where the idea for SPY came from, who the early investors were and what caused the tipping point, as well as the unique dynamic between Most and Bloom. We also look at whether SPY can hold onto its biggest-in-world status for much longer. See omnystudio.com/listener for privacy information.1 comments1
- 23 ETFs for 2023From inflation and the Federal Reserve, China and Russia, fundamentals and Bitcoin, there’s no shortage of themes for investors to think about in 2023. And while we can’t give you investing advice, we can give you a few tickers to watch. On this episode, Eric and Joel take a tour of Bloomberg Intelligence’s listicle of ETFs for the year ahead. They’re joined by James Seyffart and Athanasios Psarofagis of Bloomberg Intelligence as well as Scarlet Fu of Bloomberg News. Among the ETFs discussed are $UTEN, $COWZ, $AVUV, $DHUP, $RSX, $KCE, $VXU,S $TSLQ, $VTV, $GBTC, $MCH, $TGN, $XCCC, $STRV, $UDVD, $INFL, $RMAU and $JREU See omnystudio.com/listener for privacy information.1 comments1
- Introducing: Crash CourseHosted by Bloomberg Opinion senior executive editor Tim O'Brien, Crash Course will bring listeners directly into the arenas where epic business and social upheavals occur. Every week, Crash Course will explore the lessons to be learned when creativity and ambition collide with competition and power -- on Wall Street and Main Street, and in Hollywood and Washington. See omnystudio.com/listener for privacy information.0 comments0
- Now There Are One-Stop Shops to Launch Your ETFGot an idea for an exchange-traded fund but don’t want to deal with the logistics? A group of “white label” ETF issuers are in the business of helping people launch their own fund—and business is booming. These issuers have minted more than 100 ETFs this way—for both big asset managers and entrepreneurial individuals simply passionate about an idea. On this week’s episode of Trillions, we speak to the “big three” of ETF white labels: Garrett Stevens, chief executive of Exchange Traded Concepts, Mike Venuto, chief information officer and co-founder of Tidal, and Wes Gray, president of Alpha Architect. Topics include how they got started, how they vet new ideas, the launch of which they’re most proud and what next year holds. The last includes Goldman Sachs Group’s entry into the business and a potential wave of mutual fund to ETF conversions. See omnystudio.com/listener for privacy information.1 comments1
- The ETF Era Is Going to Be Here for a WhileThe future is very bright for ETFs, which in 2022 saw record volume and the second most flows and new launches—all astounding numbers considering the stock and bond markets were in the gutter return-wise. So what can we expect next year? What areas should people be watching? On this episode of Trillions, Bloomberg Intelligence’s exchange-traded fund team go over their just-published 2023 Outlook which covers topics such as active, alternatives, crypto, China and thematic investing—and just how big ETFs could get. Our analysts include Athanasios Psarofagis, Rebecca Sin, Henry Jim and James Seyffart. See omnystudio.com/listener for privacy information.1 comments1
- What the Crypto Crash Means for ETFsThe crypto market may not be dead, but it’s arguably in a temporary coma thanks to the spectacular implosion of Sam Bankman-Fried’s FTX. The bankrupt crypto exchange, with billions of dollars of customer funds allegedly missing, has spooked all but the hardcore believers and potentially set the digital asset class back by years. On this episode of Trillions, we sit down with James Seyffart of Bloomberg Intelligence and reporter Katie Greifeld to discuss what this means for exchange-traded fund investors and the likelihood a spot Bitcoin ETF will get approved. We also take a look at what’s going on with Grayscale Bitcoin Trust. See omnystudio.com/listener for privacy information.1 comments1
- Alternative ETFs Finally Get Their Moment in the SunIt took 15 years for an ideal environment to arrive for alternative exchange-traded funds—which employ or mimic hedge fund strategies—but their moment has finally come. They’ve grown assets by 25% this year as investors look for something to help offset the decline of 60/40 portfolios. To truly understand how they work and what they track, however, requires a lot of due diligence. On this episode of Trillions, we speak with senior reporter Katherine Burton, Andrew Beer, managing partner and portfolio manager at Dynamic Beta, and Bob Elliott, co-founder and chief executive of Unlimited. We discuss why hedge fund ETFs could be the next big thing, how they work and how to use them in a portfolio. See omnystudio.com/listener for privacy information.1 comments1
- The ETF GraveyardEvery year there's far more ETF launches than closures. But market headwinds are starting to accelerate the number of liquidations. So far this year the Grim Reaper has already come for about 100 ETFs. On this episode of Trillions—just in time for Halloween—Eric and Joel take a tour of this year's ETF graveyard with Katie Greifeld of Bloomberg News, Athanasios Psarofagis of Bloomberg Intelligence and Todd Rosenbluth of VettaFi. Each guest shares a few noteworthy headstones, $NIFE, $CTRU, $TRYP, $DDG, $DIVA, $BUDX, $SUNY and more. See omnystudio.com/listener for privacy information.1 comments1
- KPOP’s Hit Factory Comes to InvestingSouth Korea is having a moment. Between the stellar rise of K-pop and worldwide film hits such as Parasite and Squid Game, the country has established itself as a power to be reckoned with when it comes to global entertainment. This level of success is exactly why a young man by the name of Jangwon Lee decided to launch—you guessed it—The KPOP and Korean Entertainment exchange-traded fund. We speak with Lee, chief executive of CT Investments and Content Technologies, and reporter Isabelle Lee about the size and scope of K-pop’s reach and the broader Korean entertainment market, how the ETF works and the challenges with launching a theme ETF in today’s especially rough-and-tumble market. See omnystudio.com/listener for privacy information.1 comments1
- Cash Is Still KingBoring is beautiful this year as investors rush to the relative safety (and higher yields) of exchange-traded funds that hold short-term treasuries. But what exactly is inside them? And what are the risk-rewards of the most popular ones? On this episode of Trillions, we look at cash-like ETFs with reporter Katie Greifeld and James Seyffart of Bloomberg Intelligence. We also dig into inflation and the world of currency ETFs. See omnystudio.com/listener for privacy information.1 comments1
- The Active vs Passive ScorecardActive managers have, historically, had a tough time beating their benchmarks. Yet this year may prove to be an exception; nearly half of large-cap managers are outperforming. Can they keep it up? And can anything really reverse the massive migration to passive investing at this point? On this episode, Eric Balchunas and Joel Weber speak with Tim Edwards of S&P Dow Jones Indices, who oversees the SPIVA report, aka the ultimate active vs. passive scorecard. With his just-published latest installment in hand, Edwards talks through where active is doing well (and not so well), the role of fees in returns, and why bond funds tend to better than stock funds. See omnystudio.com/listener for privacy information.0 comments0
- The Case for Custom IndexingA new approach to investing called direct or custom indexing effectively lets investors own stocks but with some special enhancements, such as capturing tax alpha. In other words, you get some of an ETF's charm without the ETF. For investors interested in potentially taking a portfolio to the next level, this is a new tool for the toolbox. On this episode, Eric and Joel speak with Patrick O'Shaughnessy, CEO of O'Shaughnessy Asset Management and host of the podcast Invest Like the Best, about the pros and cons of custom indexing, how it differs from direct indexing and ETFs, and also how the tax alpha is achieved. They also discuss O'Shaughnessy's career, favorite philosophers, and, well, podcasting. See omnystudio.com/listener for privacy information.0 comments0
- Fedsplaining with Ira JerseyInflation. Unemployment. Consumer demand. All important economic data—but more important is how the Federal Reserve interprets it all and reacts. The central bank wields an especially powerful influence over markets, so understanding how its members think, what they are doing and why is important for any engaged investor. We speak with Ira Jersey, Bloomberg’s Chief US Interest Rate Strategist, about how to read the latest inflation data through the Fed’s eyes. We also talk about how exactly the Fed impacts the real economy as well as what’s on its balance sheet. Finally, Jersey gives his opinion on different types of bond exchange-traded funds, such as TIPS, junk bonds and single-bond ETFs. See omnystudio.com/listener for privacy information.0 comments0
- Protecting Your Portfolio From Black SwansIn investing, a black swan event is something almost nobody sees coming—and to make a bet on the outcome of that unforeseen event has always been expensive and complicated. Inflation upending the market over the past year, and the Federal Reserve’s pivot to higher interest rates, has sparked interest among investors looking to hedge this particular type of “tail risk.” On this episode, Eric and Joel speak with Meb Faber, founder of Cambria and host of podcast “The Meb Faber Show.” Faber has designed two exchange-traded funds in this space, $TAIL and $FAIL. They also speak with reporter Denitsa Tsekova, as the group discusses how tail-risk ETFs work, where they fit in a portfolio and whether you even need them. See omnystudio.com/listener for privacy information.0 comments0
- The Single-Stock ETF Era Is BornA single-stock ETF might sound like an oxymoron, but it's about to become a massive new category. These ETFs, which aim to serve up inverse and leveraged exposure to single stocks, are already a thing in Europe—and now they've come to the US, with the SEC approving the first batch earlier this month. One of them, the AXS Tesla Bear Daily ETF ($TSLQ), shows early signs of being a big hit. On this episode of Trillions, Eric Balchunas and Joel Weber speak with Matt Tuttle, Chief Investment Officer of AXS Investments, and Katie Greifeld of Bloomberg News. They discuss Tuttle's new products, how the products work, and where things might go from here. See omnystudio.com/listener for privacy information.0 comments0
- Now There Are ETFs Making Money While You SleepJust when you think the world of exchange-traded funds has run out of new ideas, along comes something truly novel. Instead of slicing the market up into themes, geographies or strategies, these are dividing by time. The new ETFs are only exposed to US stocks overnight, which studies have shown beats holding them during the day. On this episode we speak with NightShares Chief Executive Officer Bruce Lavine and Chief Investment Officer Max Gokhman about why this phenomenon exists, why it hasn’t been used before and the challenges to implementing it. See omnystudio.com/listener for privacy information.0 comments0
- High-Dividend ETFs Are Having a MomentWhen markets plummet like they have this year, investors want to grab onto something—anything—that isn’t in free-fall. High-dividend exchange-traded funds, with their exposures to the energy and utilities sectors, have emerged as a rare bright spot, or at least a less-dim one. They’ve seen $25 billion in inflows already, which is a record—one that could double by the end of the year. On this episode, Eric and Joel speak with Todd Rosenbluth, head of research at VettaFi, and reporter Suzanne Woolley about a category of ETFs punching above their weight. They discuss some of the noteworthy ETFs, including $VYM, $DVY, $HDV, $DHS; analyze holdings and performances, and share how investors can dabble with these made-for-the-moment products. See omnystudio.com/listener for privacy information.0 comments0
- Just Keep BuyingInvesting in stock and bond markets during a boring, decade-long bull market is easy enough. It’s a little more difficult when everything is trending downward, inflation is at record highs and even Cardi B is tweeting about recession jitters. And yet, strong flows into exchange-traded funds and index funds show investors are very much willing to follow this wealth-creation strategy. Eric and Joel speak with Nick Maggiulli, chief operating officer at Ritholtz Wealth Management, about his new book, “Just Keep Buying.” They discuss saving versus investing, the importance of income-producing assets, international exposure, index investing and more. See omnystudio.com/listener for privacy information.0 comments0
- The Psychology of a SelloffUnlike most declines, stocks and bonds have been sinking together so far this year. Rising inflation and a hawkish U.S. Federal Reserve are providing little comfort to investors. And yet ETFs continue to see massive flows. Eric and Joel speak with Gina Martin Adams, chief equity analyst at Bloomberg Intelligence, as well as Jon Maier, chief investment officer of Global X ETFs, about the search for the bottom, the odds of a recession, Fed policy, trending ETFs, Twitter’s love of the word “capitulation” and more. See omnystudio.com/listener for privacy information.0 comments0
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