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Dave Nadig
3:25
ALT
3:26
ALT was an iShares product that at one point had over 100m in assets.
one sec for a link:
It closed with over $50m in assets, and was very unique for ishares, in that it was actively managed, and total return focussed.
3:27
I get WHY they closed it - it was a black sheep.  A weird little product that didnt fit the broad product suite after the Blackrock acquisition of BGI
but it was truly a successful product, doing what it said it was going to do, without much competition.
and it was iShares, which at the time, basically NEVER closed funds.
Barry
3:28
How can I track the AUM for an individual etf like SMH. I would like to be able to download the daily data and then use my own algoratihms on it
Dave Nadig
3:28
Hi Barry - so, unfortunately this isn't data you can just cleanly download from ETF.com, but I'll give you a caveat.
3:29
You DONT want to track AUM, because AUM bakes in two completely unrelated things.  The flows in and out of the ETF, and the performance of the ETF.
What many people want to track is flows -- which we have a tool for here: https://www.etf.com/etfanalytics/etf-fund-flows-tool
but that data is sourced from FactSet, and we can't redistribute the raw data.  That's the issue you may find in many places.
3:30
FactSet, Bloomberg, Markit, Reuters -- the big data providers -- all have it, but they wont just give it away in a convenient format.
You can get it from individual issuers, often, but you'd need to make your own system for getting it every day.
Your broker may also be able to feed you some of that data.  I know specialized brokers sometimes have direct data feeds for just this kind of purpose.
3:31
OK one or two more (great questions today folks)
Here's a sort of silly one:
Bob
3:31
Do you listen to music while you do Live Chat? Always been curious.
Dave Nadig
3:32
Yes!  Music is always on in my office.  Today I've been listening to the latest album by Grizly Bear.  I usually just have Sirius radio on, tuned to SiriusXMU.
Bill Donahue
3:32
I hope things are well. Lots of activities with respect to ESG ETFs lately.  ESG mutual funds have around quite awile and have amassed significant AUM.  How do you forsee ESG ETFs evolving, particularly where most of the ESG mutual funds are active? https://www.etf.com/publications/etfr/where-are-esg-flows?nopaging=1
Dave Nadig
3:32
Boy the ESG space is interesting, and confounding, isn't it.
we haven't seen HUGE flows into ESG at all.  We've seen a slow, steady trickle.
I think a few things MIGHT happen.
3:33
If this market downturn is sustained, some folks will sell whatever they have -- capitulate -- and then be sitting on cash.
Or, they may have positions go under water, and thus no longer have a taxable gain associated with them, and they may sell, locking in losses/avoiding gains.
In either scenario, you now have money on the sidelines.
3:34
When that money comes back in, I believe SOME of it will look to ESG alternatives where they might not have when those original positions got put on.
if only because there are so many more options now.
But it all comes back to the "slow steady trickle" future I think we'll see.
I also do think we'll see more active funds launch in the space.
3:35
Last thing:  many ESG funds claim that their methodologies act as risk reducers.  A sustained downturn will help prove -- or defy -- that claim.
Curious
3:35
Any specific divident ETFs you'd recommend
Dave Nadig
3:35
So, thats a pretty big space.  In our screener you can search for that pretty easily:
And honestly, if your goal is "Yield Above All" then the choice is pretty clear: SuperDiv, or SDIV
The distributing yield on that thing is over 8% -- which is just ... well ... super.
3:37
the ENORMOUS caveat here is you are throwing a LOT out the window in pursuit of that yield.
Your international.  Your loaded with financials.
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