Index Investing:
The Increasing Dominance of Exchange Traded Funds (ETFs) & the Continuing Emergence of Personalized (Direct) Indexing
Recently Released!!!
Date Published: September 18, 2024
Summary PowerPoint Deck: 240 Slides
Reference PowerPoint Deck: 1,627 Slides
The purpose of this research is to provide readers with a comprehensive understanding of index investing, including passively managed exchange traded funds (ETFs), index mutual funds, personalized (direct) indexing, & indexed separate accounts. Index investing is growing rapidly, driven by many factors. BlackRock, The Vanguard Group, & State Street Global Advisors dominate the retail portion of the market, while Northern Trust, Parametric Portfolio Associates, JP Morgan Chase & Company, and The Bank of New York Mellon are large players in the institutional portion of the market. This research summarizes the highlights of Tiburon's underlying research on passively managed exchange traded funds (ETFs), index mutual funds, personalized (direct) indexing, & indexed separate accounts. This research fits within Tiburon's specialized topics series, which includes a wide variety of trending topics.
Date Published: September 18, 2024
Summary PowerPoint Deck: 240 Slides
Reference PowerPoint Deck: 1,627 Slides
The purpose of this research is to provide readers with a comprehensive understanding of index investing, including passively managed exchange traded funds (ETFs), index mutual funds, personalized (direct) indexing, & indexed separate accounts. Index investing is growing rapidly, driven by many factors. BlackRock, The Vanguard Group, & State Street Global Advisors dominate the retail portion of the market, while Northern Trust, Parametric Portfolio Associates, JP Morgan Chase & Company, and The Bank of New York Mellon are large players in the institutional portion of the market. This research summarizes the highlights of Tiburon's underlying research on passively managed exchange traded funds (ETFs), index mutual funds, personalized (direct) indexing, & indexed separate accounts. This research fits within Tiburon's specialized topics series, which includes a wide variety of trending topics.
This research starts with a context setting chapter, and then addresses the key historical phases of index investing, including:
- Indexed Separate Accounts Emergence Phase
- Index Mutual Funds Emergence Phase
- Exchange Traded Funds (ETFs) Emergence Phase
- Exchange Traded Funds (ETFs) Dominance Phase
- Direct Indexing Emergence Phase
This research defines the core product markets in index investing, including:
- Passively Managed Exchange Traded Funds (ETFs)
- Index Mutual Funds
- Personalized (Direct) Indexing
- Indexed Separate Accounts
And this research makes several future predictions for index investing, including:
- Substantial Growth in Index Investing
- Index Investing Net Flows to Continue to be Dominated by Passively Managed Exchange Traded Funds (ETFs) with the Continued Rise of Personalized (Direct) Indexing
- Substantial Growth in Factor Investing & Smart Beta Products
- Substantial Global & International (Non-United States) Index Investing Markets
- Moderate Growth in Index Investing Firms Venture Capital Investments
- Few Index Investing Firms Mergers & Acquisitions
- Few Index Investing Firms Initial Public Offerings (IPOs)
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Non-Tiburon Members:
Non-Tiburon members can either become Tiburon members or subscribe to this specific Tiburon Research by clicking on one of the buttons below:
Media Members:
Members of the media who would like access to this Tiburon Written Research, Tiburon Webinar, and/or Tiburon Podcast should send an email to Sarah Sage using the button below:
Tiburon members can download the summary or reference PowerPoint presentation, view the most recent Tiburon Webinar featuring Tiburon's Managing Partner (or another Tiburon team member), and/or listen to the most recent Tiburon podcast featuring Tiburon member CEO guests by clicking on the buttons below:
Non-Tiburon Members:
Non-Tiburon members can either become Tiburon members or subscribe to this specific Tiburon Research by clicking on one of the buttons below:
Media Members:
Members of the media who would like access to this Tiburon Written Research, Tiburon Webinar, and/or Tiburon Podcast should send an email to Sarah Sage using the button below:
