The rapid growth in ETF assets has occurred in parallel with the widespread adoption of index-based approaches to investing - no mere coincidence. As per the recently released Indexing Industry Association (IIA) survey, there are nearly 3 million indexes globally - with the biggest growth areas being fixed income and ESG strategies. IIA CEO Rick Redding joins the latest episode of Let's Talk ETFs to offer listeners an update on the global state of indexing and clear up some common indexing misconceptions.
Topics covered:
2:15 - What drew Rick to go from an "active" shop like the CME to head up the Index Industry Association?
3:45 - How diverse is the index space?
7:00 - Volfefe: Fun/quirky indexes
9:30 - A brief look at the history of indexing
16:00 - Is the trend towards "self-indexing" by asset managers a positive development?
20:30 - Key take-aways from the recently released IIA survey
25:00 - Not all indexes are "passive"
28:00 - Concerns about "too much indexing"?
31:45 - Is the trend towards less publicly listed securities a headwind for the indexing industry?
38:15 - IIA plans for 2020
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