‘Uncharted Territory In ETF Land’: Inflows To Market ‘WMDs’ Blow Away Records

‘Uncharted Territory In ETF Land’: Inflows To Market ‘WMDs’ Blow Away Records

We've said this before and to be sure, it's not a popular thing to say if you're hanging out with retail investors or anyone who isn't an active manager, but fuck it, we're going to say it again anyway: the democratization of investing, facilitated in no small part by the rampant proliferation of exchange-traded products, has gone too far. This is a classic case of a situation where the backlash against an inherently self-serving, and increasingly nefarious business model (in this case active m
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