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5 minutes with: Todd Rosenbluth, CFRA

Todd is senior director of ETF and mutual fund research at CFRA. He is also a long-standing supporter of Inside ETFs and will be joining as a speaker this coming January.

We caught up with him ahead of his session to discover what he sees as the biggest change in the market, why events are important to the industry and what he'd advise for anyone coming for their first Inside ETFs experience...






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 biggest change occurring in 2020 will be the wide array of new actively managed ETFs, following regulatory approval of non-transparent active ETF structures. 

While index-based ETFs comprise more than 95% of the ETF assets, large, successful active management firms such as American Century, Fidelity, JPMorgan, T Rowe Price and others are poised to launch equity ETF products.

Why are events like Inside ETFs important to the industry?

Inside ETFs conferences bring together the entire ETF ecosystem—asset managers, index providers, market makers, research providers and more—along with advisors, who want to understand the basic or the advanced insights into the wide array of products, and the financial press. 

As investor education remains paramount for continued ETF growth, conferences provide a great chance to exchange ideas and bring people together to discuss current events and what’s ahead.

Have you attended Inside ETFs before? If so, what would be your number 1 piece of advice for anyone attending for the first time?

This will be my 10th Inside ETFs in Hollywood Florida.

I recommend attendees plan and choose the 5-10 sessions they must attend and build their calendar around them to ensure they also take advantage to meet with the people they want to in person. 

The conference will be a wonderful blur and attendees will want to make sure maximize their time.

What is your biggest concern about the markets going forward?

My biggest concern is that after a 20% gain in US equity markets in 2019 investors will presume they can blindly pick the cheapest ETF that performed well in the past without understanding the risks they are taking on for 2020.

How is the advisory industry changing?

The advisory industry has shifted in recent years and embraced ETFs to support both asset allocation and more tactical strategies. 

ETFs can bring client costs down and free up advisors time to support client objectives compared to mutual funds and individual securities. Advisors are increasingly using third party resources to help them.