Seana Smith of Global X Discusses Her 2026 Market Outlook on ETF TV 

ETF TV, the premier source for insights into the world of exchange traded funds (ETFs), issuers, and investments, is pleased to share its latest episode featuring Seana Smith, SVP & Senior Investment Strategist at Global X. Seana joins Margareta Hricova and Deborah Fuhr to examine her 2026 market outlook, focusing on the key drivers, risks and opportunities shaping markets and institutional portfolios in the year ahead. Watch the interview.

2026 Market Outlook & Strategic Themes
Positive Market Setup

• Strong Fundamentals: Earnings growth remains robust, supporting current valuations with expectations for double-digit EPS growth in 2026.
• Fed Policy Tailwind: We see one to two rate cuts in 2026 following the Federal Reserve’s December decision. The resumption of $40 billion in net asset purchases should also help support markets.
• Consumer Resilience: Despite mixed data, retail sales grew 4.3% YoY in September, and steady consumer spending boosted third-quarter earnings results from major retailers, signaling solid momentum heading into the holiday season.

Key Growth Catalyst: AI Investment Cycle

• Early Innings of AI Build-Out: Revenues tied to AI growing at double-digit rates, driving a long-term structural trend.
• Infrastructure Bottleneck: U.S. data center construction at record highs yet demand for AI compute far outstrips data center buildout.
• Monetization Supercycle: 2026 expected to be a “prove-it” year for AI, with CapEx from big tech accelerating.

Investor Concerns & Risk Factors

• Valuations: Multiples in the 20s are elevated but supported by profit margins and cash flow growth; historically, valuations have not always been a reliable short-term predictor.
• AI Bubble Fears: Global X does not see an AI bubble—growth is backed by real cash flows and infrastructure investment.
• Macro Uncertainty: Mixed signals—consumer confidence at lowest point since April, unemployment at 4.6%, inflation sticky at 2.7%—but Fed easing expected to help offset near-term weakness.

Opportunities for Institutional Investors

• AI Phase Two: Beyond mega-cap tech—focus on data centers, semiconductors, and energy infrastructure.
• Energy Trade: Rising AI-driven power demand favors uranium and natural gas as critical resources.
• Domestic Infrastructure: Long-term factors including trade policy and supply-chain resilience efforts are expected to accelerate reshoring and lead to potentially record levels of infrastructure investment, likely creating significant opportunities for U.S. infrastructure developers.

Strategic Perspective
Global X sees the path of least resistance pointing to the upside in 2026, driven by earnings strength, Fed support, and the accelerating AI investment cycle. Institutional portfolios should consider AI infrastructure, energy resources, and domestic infrastructure plays as strategic allocations.
You can watch this episode and prior episodes at: ETF TV and on YouTube.
Thank you to Global X for sponsoring this episode. For further information on Global X visit www.globalxetfs.com.
ETF TV is your insight into the world of exchange-traded funds, issuers and investment. Register to receive updates and watch prior episodes at www.ETFtv.net and make sure to follow us on LinkedIn – ETF TV company page and ETFs Network group.
Disclaimer: ETF TV is a news update and is intended for informational purposes only. ETF TV does not provide investment advice nor recommend products.
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ETF TV welcomes Paul Lohrey of CRSP to discuss the Evolution of Market Indexes and Financial Inclusion

ETF TV, the premier source for insights into the world of exchange-traded funds (ETFs), issuers, and investments, is pleased to announce its latest episode featuring industry expert Paul Lohrey, Managing Director of Strategy and Analytics at CRSP, who joins Margareta Hricova and Deborah Fuhr on ETF TV to discuss the Evolution of Market Indexes and Financial Inclusion. 

In a compelling conversation, Paul Lohrey of CRSP and Margareta Hricova and Deborah Fuhr explore how stock market indexes have evolved—and why it matters for investors today. Lohrey highlights how daily market volatility often masks deeper structural shifts in equity markets, including changes in the number of listed companies and increasing concentration.

From the Dow Jones to the S&P 500 and Russell 3000, index construction has historically been limited by technology and fixed constituent counts. Lohrey explains how CRSP’s dynamic approach—capturing 99.8% of U.S. market capitalization—offers a more adaptive and inclusive framework. This methodology adjusts to market size and concentration, enabling more accurate segmentation across large-, mid-, and small-cap stocks.

The discussion underscores the importance of using benchmarks that evolve with the market, especially for institutional investors seeking long-term consistency and portfolio relevance.

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For further information on CRSP visit  www.crsp.org
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If you are interested in sponsoring, being a guest, or have any questions on ETF TV, please email [email protected]

ETF TV welcomes André Müller-Wegner of UBS Asset Management to discuss how investor expectations for ETFs are evolving

ETF TV, the premier source for insights into the world of exchange traded funds (ETFs), issuers, and investments, is pleased to announce its latest episode featuring industry expert André Müller-Wegner, Head of Client Coverage at UBS Asset Management, who joins Margareta Hricova and Deborah Fuhr on ETF TV to discuss how investor expectations for ETFs are evolving.

André Müller-Wegner discusses the ETF Evolution and UBS Asset Management’s Strategic Response

Investor Expectations Are Evolving
Investor demand is shifting from purely passive strategies to more actively managed ETFs that align with long-term goals such as sustainability, income generation, and diversification. UBS is responding by leveraging its 25 years of ETF experience and 35 years in index strategies to deliver cost-efficient, high-quality solutions for clients.

UBS’s Differentiated ETF Platform

• Leadership in sustainable ETFs, including the first MSCI SRI ETFs launched in 2011
• Innovation in currency-hedged share classes
• Strong presence in commodity ETFs with over $10 billion AUM
• Expansion into core fixed income ETFs, offering diversified exposure to high-quality bonds
• Plans to integrate active fixed income and thematic equity strategies into ETF wrappers

Strategic Outlook: 2025 and Beyond
UBS sees ETFs becoming central to portfolio construction, not just as passive tools but as strategic building blocks.

The firm is focused on:

• Expanding core and active offerings
• Enhancing sustainable and thematic solutions
• Delivering value, choice, and confidence through innovation and scale

UBS’s client-first approach and broad capabilities position it for the next phase of ETF industry growth.

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Learn More

For further information on UBS Asset Management visit UBS Asset Management | UBS Global

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Disclaimer: ETF TV is a news update and is intended for informational purposes only. ETF TV does not provide investment advice nor recommend products.

If you are interested in sponsoring, being a guest, or have any questions about ETF TV, please email [email protected].

ETF TV Welcomes David Tsoi of Nasdaq to discuss the evolving role of index providers  

ETF TV, the premier source for insights into the world of exchange-traded funds (ETFs), issuers, and investments, is pleased to announce its latest episode featuring industry expert David Tsoi, Head of Index Research, APAC at Nasdaq, who joins Margareta Hricova and Deborah Fuhr on ETF TV to discuss the evolving role of index providers.

David Tsoi emphasizes that index providers have transitioned from being mere creators of benchmarks to strategic partners in the investment ecosystem. Their role now encompasses:

• Accessibility & Inclusivity: Making investments more approachable for a broader audience.
• Comprehensive Services: Offering research, distribution, and marketing support.
• Thought Leadership: Providing educational content that enhances client engagement and supports financial advisors in guiding investment decisions.
• Acting as unbiased entities compared to product providers, which adds credibility.

Asset managers can extract significant value by:

• Collaborating on Product Development: Especially for niche and thematic exposures.
• Leveraging Nasdaq’s Expertise: In identifying long-term megatrends and aligning index construction with client goals.
• Brand Enhancement: Using Nasdaq’s reputation for innovation to boost product visibility and investor trust.

Innovation in Thematic Indexing

• Thematic indexing is undergoing a transformation driven by technology and AI:
• Advanced Data & Design: More sophisticated inputs and transparent methodologies.
• AI-Driven Screening: Nasdaq’s Global AI and Big Data Index uses AI to analyze patent filings and identify companies deeply involved in themes like deep learning and cybersecurity.
• Transformer-Based Models: These models tag patent data to relevant tech labels, ensuring pure-play exposure to thematic areas.

Key Takeaway

Index providers like Nasdaq are no longer just data suppliers—they are strategic enablers of innovation, education, and growth in the investment landscape. Their evolving role supports asset managers in creating differentiated products and engaging investors more effectively.

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For further information on Nasdaq visit www.nasdaq.com
To watch other episodes of ETF TV:  https://www.etftv.net/

ETF TV is your insight into the world of exchange-traded funds, issuers and investment. Register to receive updates and watch prior episodes at www.ETFtv.net.
 
Disclaimer: ETF TV is a news update and is intended for informational purposes only. ETF TV does not provide investment advice nor recommend products.
If you are interested in sponsoring, being a guest, or have any questions on ETF TV, please email [email protected].

ETF TV welcomes Ronald Landry of CIBC Mellon to discuss changing investor demographics and impact on ETFs

ETF TV, the premier source for insights into the world of exchange-traded funds (ETFs), issuers, and investments, is pleased to announce its latest episode featuring industry expert Ronald Landry, Vice President, Head of Segment Solutions and Canadian ETF Services at CIBC Mellon, joins Deborah Fuhr on ETF TV to discuss changing investor demographics and impact on ETFs. 

Changing Investor Demographics and Impact on ETFs

Ron Landry highlighted a significant shift in investor demographics, noting that younger generations are increasingly entering the investment market through ETFs, unlike their parents or grandparents who preferred mutual funds. Despite this trend, ETFs are now popular across all age groups. Landry emphasized the importance for ETF providers to tailor their engagement strategies to resonate with different generational investors. For example, younger investors are more engaged through platforms like Reddit, while older generations prefer traditional methods. Successful engagement requires meeting investors where they are and effectively communicating the message.

Outlook for 2025

Landry expressed optimism for the ETF market in 2025, marking the 35th anniversary of ETFs, which were first launched in Canada. The year has started strong with $16 billion in inflows, nearly $6 billion more than the same period last year. He anticipates a great year for ETFs, despite some challenges faced by smaller ETF issuers in distribution. These issuers are shifting towards direct-to-investor models. Notably, over 80% of the flows are directed to the top ten issuers in Canada. ETFs have grown remarkably, from 6% of investment fund assets in 2014 to 20% last year. Landry projects that ETFs could constitute 50% of investment fund assets in Canada within the next seven to ten years, driven by lower costs and better product access.

Overall, the Canadian ETF market continues to evolve with innovative products tailored to highlighting the changing demographics of investors, the growing popularity of ETFs, and the optimistic outlook for the ETF market in 2025.
This episode provides valuable insights into the current trends in the ETFs industry in Canada.

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The episode was sponsored by CIBC Mellon. For further information go to cibcmellon.com

To watch other episodes of ETF TV: etftv.net
 
ETF TV is your insight into the world of exchange-traded funds, issuers and investment. Register to receive updates and watch prior episodes at etftv.net
 
Disclaimer: ETF TV is a news update and is intended for informational purposes only. ETF TV does not provide investment advice nor recommend products.

If you are interested in sponsoring, being a guest, or have any questions on ETF TV, please email [email protected]

ETF TV welcomes Ronald Landry of CIBC Mellon to discuss what is needed to continue the adoption in the use of ETFs

ETF TV, the premier source for insights into the world of exchange-traded funds (ETFs), issuers, and investments, is pleased to announce its latest episode featuring industry expert Ronald Landry, Vice President, Head of Segment Solutions and Canadian ETF Services at CIBC Mellon, joins Deborah Fuhr on ETF TV to discuss what is needed to continue the adoption in the use of ETFs in Canada.

Key Discussion Points:

Driving Adoption of ETFs:
Need for ongoing education to demystify myths surrounding ETFs. He highlighted the importance of expanding distribution channels, particularly digital platforms, to improve accessibility. As brokers streamline their offerings, making ETFs more accessible through robo-advisors and interactive client tech platforms is crucial.

Regulatory Environment in Canada:
Several regulatory changes impacting the ETF industry. The most significant is total cost reporting, which enhances transparency regarding the costs of holding mutual funds and ETFs. This transparency could drive more assets towards ETFs. Additionally, the Canadian Securities Administrators (CSA) are reviewing ETF regulations, focusing on guidance and best practices rather than new rules. Lastly, changes in disclosure requirements are being revamped to improve investor engagement.

Role of Technology:
Technology plays a vital role in the growth and development of ETFs and mutual funds. Ron highlighted the use of AI, data science, and fintech collaborations to enhance distribution and access. Technology also helps manage risk, improve efficiencies, and reduce costs, which are key trends in the industry.

Overall, the Canadian ETF market continues to evolve with innovative products tailored to investor preferences and market conditions.

This episode provides valuable insights into the current trends in the ETFs industry in Canada.

The episode was sponsored by CIBC Mellon. For further information go to ⁠cibcmellon.com

ETF TV welcomes Ronald Landry of CIBC Mellon to discuss the current trends in the ETFs industry in Canada

ETF TV, the premier source for insights into the world of exchange-traded funds (ETFs), issuers, and investments, is pleased to announce its latest episode featuring industry expert Ronald Landry, Vice President, Head of Segment Solutions and Canadian ETF Services at CIBC Mellon, joins Deborah Fuhr on ETF TV to discuss the current trends in the ETFs industry in Canada.

This interview highlights insights into the current state and trends of Exchange Traded Funds (ETFs) in Canada. Here’s a summary:

• Types of Rapidly Growing ETFs: Ron noted significant growth in enhanced income and dividend ETFs this year. Additionally, BMO’s introduction of SPDR sector index products has been noteworthy. Crypto ETFs have regained momentum, with new offerings such as “Solana and Ripple ETFs” entering the market. Active ETFs now represent over 30% of the Canadian ETF landscape.
• Investor Reactions to ETFs: Investors appreciate ETFs for being low-cost, transparent, and accessible on digital platforms. Thematic and niche-style ETFs, often accompanied by creative tickers, are popular among buyers. Their simplicity and ease of understanding further fuel their appeal.
• Emerging ETF Trends: With falling interest rates, traditional high-interest savings products have become less attractive. Enhanced income ETFs, including fixed income and dividend-focused options, are gaining popularity. Single-day ETFs offering higher yields and performance boosters are also resonating in the market.

Overall, the Canadian ETF market continues to evolve with innovative products tailored to investor preferences and market conditions.

This episode provides valuable insights into the current trends in the ETFs industry in Canada.

The episode was sponsored by CIBC Mellon. For further information go to cibcmellon.com

ETF TV Welcomes Sanjay Arya, Morningstar Indexes to discuss the growing interest in private markets

ETF TV, the premier source for insights into the world of exchange-traded funds (ETFs), issuers, and investments, is pleased to announce its latest episode featuring industry expert Sanjay Arya, Head of Innovation at Morningstar, joins Margareta Hricova and Deborah Fuhr on ETF TV to discuss the growing interest in private markets. 

There's a lot of interest in private markets. Why is that

What are some of the challenges in creating indices and

This episode provides valuable insights into the evolving

ETF TV Welcomes Jeremy Senderowicz, Vedder

ETF TV, the premier source for insights into the world of exchange-traded funds (ETFs), issuers, and investments, is

Key Highlights:

This episode provides valuable insights into the evolving regulatory landscape and its implications for the ETF industry.

This episode provides valuable insights into the evolving regulatory landscape and its implications for the ETF industry.

Lee Bartholomew, Global Head of Fixed Income and Currencies Product Development for Eurex, joins Margareta Hricova and Deboah Fuhr on ETF TV to discuss the benefits of ETF options for investors on ETF TV.

The ETFs industry in Europe has seen significant growth, with $2.04 trillion invested by the end of June. This growth has enhanced the market infrastructure for ETFs, particularly through the development of ETF options.

Benefits of ETF options for investors:

Market Positioning: The business spans cash and derivatives, with a focus on passive investment growth. This has led to a robust global index derivatives business, covering fixed income, equity, and commodities.

Product Ecosystem: The aim is to create a comprehensive product ecosystem that includes both cash and derivatives, catering to multi-strategy and fixed income specialist portfolios. This includes tools like credit futures and treasury options, which are physically settled.

Fixed Income ETF Options: The decision to launch these options was driven by significant growth in the US market, driven by both institutional and retail demand. The goal was to provide European asset managers with accessible, UCITS-compliant products.

US vs. Europe: The US has a more advanced ETF options market with a strong retail presence. In Europe, the market is primarily institutional, with products used for various strategies such as volatility arbitrage, covered calls, and tactical hedges.

Client Needs: The focus is on how ETF options can replicate desired risks cost-effectively and provide deep liquidity. Clients are increasingly comfortable using listed products alongside OTC options for comprehensive market access.