He got his start with ETFs in the early 1990s. “I know as much as anyone – all the players, all the products and I know quite a few financial advisors.”
At IndexIQ, he’ll be taking his knowledge of products and markets and what advisors are looking to do and use it to help launch ETFs as well as design forthcoming funds. IndexIQ specializes in hedge fund replication strategies using indexing, and their first line of funds will be based on this strategy.
As someone who’s been in the ETF world since the beginning, Mazzilli has a lot of thoughts about where they’ve been and where they’re going from here.
He doesn’t think 2008 was as bleak for ETFs as it was for the general markets. “In spite of the markets being down 35%, ETFs actually had a large increase in the number of shares. They performed relatively well and showed the benefits of indexing.”
In the coming year, Mazzilli feels that there’s still plenty of room for ETFs to grow, as many investors don’t even know what they are yet. In fact, financial advisors could be opening the door for new ETF investors. As for the ETF naysayers, Mazzilli doesn’t believe it.