Watch out for these ETF surprises in 2020, industry pros say (via ETFEdgeCNBC)
: the SEC's approval of nontransparent ETFs, or funds that aren't required to disclose their portfolio holdings daily, but quarterly.T. Rowe Price, Fidelity, Natixis and Blue Tractor preliminary approval for their own nontransparent funds,"We'll see a bunch of them launch, I'm predicting, in the first quarter. I think what the surprise will be is there'll be a surprising amount of money in these funds out of the gate," Nadig said.
CFRA's Todd Rosenbluth and Main Management's Kim Arthur echoed that sentiment in their Dec. 16 interview, even as Arthur noted that, for active managers — arguably the biggest beneficiaries of the new confidential and low-cost ETF structure — "performance still matters and cost still matters." "If ...
"There are some actively managed ETFs that are doing well," Rosenbluth said. "Some of the strategies that are coming out from T. Rowe Price, these have strong track records, they have relatively low cost structures. [Investors] will gravitate. There are good active managers, not just bad ones."was also on the radar for Nadig and GraniteShares CEO Will Rhind heading into 2020.
Schwab in particular already has "the technology baked [in]," Nadig said. "They've talked publicly about their interest in direct indexing, about their interest in fractional share trading, they led the market after Interactive Brokers on the no-commission trading, so, I think Schwab is the one to watch."
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