In this episode of the Adjusted for Risk Podcast, host Ryan Nauman is joined by Sal Esposito, the head of ETFs at Zacks Investment Management. They discuss the intricacies of Exchange-Traded Funds (ETFs), the importance of research in investment strategies and the evolving landscape of investment management.

The conversation delves into the strategic use of active ETFs and SMAs, the importance of downside protection, and current investment opportunities in small and mid-cap equities, fixed income, and international markets. Sal also shares his thoughts on the misconceptions surrounding active ETFs. Both Ryan and Sal emphasize the significance of transparency, customization, and educating clients about investment products. Don't miss this informative episode as they delve deep into the world of ETFs and investment management.

00:00 Introduction and Podcast Overview
01:07 Meet Sal Esposito: Head of ETFs at Zack's Investment Management
02:30 Zack's Investment Management: History and Evolution
04:38 The Importance of Understanding Financial Advisors
08:12 Active vs. Passive Investment Strategies
14:51 The Role of ETFs in Modern Portfolios
20:00 Opportunities in Active Management
22:34 Conclusion and Where to Learn More

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