Hot Reads: Advisors Dumping Mutual Funds in Favor of ETFs

Plus, the first smart beta ETF celebrates 20 years.

Reviewed by: Heather Bell
Edited by: Heather Bell

ETFs Benefit as US Advisors Dump Mutual Funds (Financial Times) 
Research from Cerulli suggests clients’ awareness of the impact of fees on their investments has grown. 


First Factor ETF Celebrates Its 20th Anniversary (FA Magazine) 
Equal-weighted RSP has been trading for 20 years. 


Wave of ETF Closures Relegates Once-Trendy Growth Themes to Fads (Bloomberg) 
Crypto and meme-focused funds have been hurt by interest rate hikes. 


Can Bitcoin Hold Gains as US Regulators Target Crypto Companies? (MarketWatch) 
Macroeconomic conditions could have a more significant impact on bitcoin price in the near term. 


AQR: Emerging Market Stocks Have Best Return Profile in 20 Years (Institutional Investor) 
“Emerging risks aren’t what they used to be,” according to AQR’s Michele Aghassi and Dan Villalon. 


Is the US Facing a Slow(er)-Moving Recession Threat? Part II (The Capital Spectator) 
A look at what the data indicates we can expect to happen next.  


Will AI Replace Financial Advisors? (A Wealth of Common Sense) 
The difference between textbook or spreadsheet knowledge and the management of relationships. 


China-US Contest Entering New, More Dangerous Phase (The Economist) 
Chinese officials rage at what they see as American bullying. 

Heather Bell is a former managing editor of She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.