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5 minutes with: Eric Balchunas, Bloomberg Intelligence


Eric is Senior ETF Analyst at Bloomberg Intelligence and will be speaking at Inside ETFs this January. 

We caught 5 minutes with him to find out what he's excited about, the biggest challenges affecting the industry and how it's changing. 


The theme for Inside ETFs 2020 is the evolution of the ETF market. What’s the biggest change you see affecting the industry in the coming months?

The coming wave of active non-transparent ETFs is easily the biggest change inside the industry. 

Now, how much the actual investors care is to be determined. But the trillions of assets behind these “ANTs” makes it one of the most compelling stories right now. A close second is the zero commission trading frenzy and the inevitable industry consolidation.

Why are events like Inside ETFs important to the industry?

Every industry needs it’s own ComiCon or Catalina Wine Mixer. Inside ETFs is both in one shot.

Is this your first time at Inside ETFs? What are you most looking forward to?

I think it’s my 10th or 11th year attending. I’m looking forward to the networking, a few of the panels and trying to beat Matt Hougan in his home stadium in the Best New ETF smackdown.

What would be your number 1 piece of advice for anyone attending for the first time?

I’ve been going for about 10 years. My number one piece of advice is to sit in the front rows because you absorb more and there’s always open seats up there. Also, leave room in your suitcase for the swag.

What is your biggest concern about the markets going forward?

The debt. It’s the one variable right now that is specific to just this era. We’ve never seen these kinds of levels of global debt and don’t know what kind of effect it may have.

How is the advisory industry changing?

It’s having to constantly up the value add to clients to keep ahead of the cost compression coming their way courtesy of Vangaurd and Schwab.