Hot Reads: Active ETFs Could Hit $3T in 5 Years
Plus, Strive’s Ramaswamy files to run for GOP presidential nominee in 2024.
Wall Street Asset Managers Vie for $3T Active ETF Prize (Bloomberg)
Active ETFs pulled in nearly one-third of the $49 billion flowing into ETFs this year.
Strive Asset Management’s Ramaswamy to Seek GOP Nomination (Financial Times)
Anti-ESG fund manager, whose firm issued the DRLL ETF, rails against “woke capitalism.”
Growth Opportunities Bubbling Up in EM (Institutional Investor)
Investors’ retreat across the globe has made it easier to identify opportunities in India, Brazil and other developing markets, argues Baillie Gifford’s Andrew Keiller.
How Much Is Enough to Retire Comfortably? (A Wealth of Common Sense)
Investors around the globe told Bloomberg they needed at least $3 million.
Munger: Charging to Underperform Is ‘Deep Moral Depravity’ (The Evidence-Based Investor)
The Berkshire Hathaway executive says investment managers charge big fees for things that aren’t doing their clients any good.
Global Passive Equity Funds Set to Overtake Active Funds (Bloomberg)
The fund industry is about to pass a symbolic milestone, according to Societe Generale.
A Warning From Walmart About the Health of the American Consumer (The Economist)
The retail giant forecasts weaker sales that are below analyst expectations.
Unemployment Forecasts by Country in 2023 (Visual Capitalist)
Weaker global growth, rising interest rates and inflation could weigh on global employment in 2023.
