Katharine Earhart, the Head of the iShares Connect Program at Blackrock, told me we’ve arrived at the next inflection point.
“We’re a service company. It’s all about sharing and cooperation,” she said.
There’s a two-pronged message here. Find the best ETF Investment Strategists and help them organize market and grow. Then, educate advisors on the benefits of using the ETF Investment Strategists and provide an easy way to evaluate the managers and the variety of portfolios they offer.
At a time when the mutual fund industry continues to have leaks in the dike, “skunk-works” around the country have been incubating ETF portfolios. More than 75% of actively managed mutual funds are underperforming their benchmarks while charging healthy management fees. Are these ETF Investment Strategists poised to give the fund industry a run for its money?
Earhart quipped, “The growth in this sector is real. We’re ready to leverage large and execute small.” [iShares Sees Demand for ETF Managed Portfolios]