“The performance of the brick-and-mortar folks have lagged the S&P 500,” said Hyman.
With the holiday shopping season looming, the panel of experts were asked if the growth in online retail has hit a plateau or if there is still more room to run.
“We still think it’s early in the game,” said Magoon.
“If the underlying consumer has more money to spend, he or she will drive that sector up going forward,” said Jablonski.
Cryptocurrency Bats at Cleanup Spot
Batting at the cleanup spot was a fourth and final panel on cryptocurrencies that featured Brian Kelly, Founder & CEO of BKCM paired with Matt Hougan, Global Head of Research at Bitwise Asset Management.
The Securities and Exchange Commission (SEC) set Friday, Oct. 26, 2018 as the deadline for public comments on nine applications from various issuers looking to launch bitcoin exchange-traded funds (ETFs). Thus far, nine have tried and nine have failed with respect to bringing in a cryptocurrency-related ETF to the capital markets.
Registrants were asked whether they would see a cryptocurrency ETF finally make it to the capital markets with over 70% forecasting an appearance prior to the end of 2019.
As cryptocurrencies in general are still struggling to gain legitimacy in the legacy investing world, a thumbs up by the SEC would give it that extra layer of authenticity. However, the panel agrees that as of now, digital currencies are not an aberration and here to stay.
“Crytpo is here, it is real and it isn’t going away,” said Hougan.
All in all, attendees came away from the 2018 Disruptive ETF Virtual Summit knowing what t to expect going forward as the ETF industry continues to evolve alongside the technological enhancements poised for industry disruption.
If you missed the 2018 Disruptive ETF Virtual Summit, don’t hesitate and tune in via on-demand now.