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Oh, good. And the average daily trading volume will be, what, 2000 Shares?
I understand traditional open end funds are in decline and that boutique ETFs of every stripe are the rage -- but are Oakmark, Tweedy, First Eagle, FPA, etc. all hurting so much that they need to pick up a little bit of extra scratch selling low volume, actively-managed ETFs that few people would likely buy, let alone know of?
Mutual fund AUM has been flat even with capital growth. ETF AUM has doubled in like 4 years. Mutual funds hold 22 trillion dollars. ETF's 10 trillion (what 5 trillion in 2021).
OAKMX in 2015 had 18 billion in AUM. if flows were even over the past 10 years, its theoretical growth would be 65 billion in AUM. HOWEVER, its only today 23 billion in AUM. which is almost 1/3 of what it should be.
So I think they see the writing on the wall. its time to play ball.
Comments
I understand traditional open end funds are in decline and that boutique ETFs of every stripe are the rage -- but are Oakmark, Tweedy, First Eagle, FPA, etc. all hurting so much that they need to pick up a little bit of extra scratch selling low volume, actively-managed ETFs that few people would likely buy, let alone know of?
OAKMX in 2015 had 18 billion in AUM. if flows were even over the past 10 years, its theoretical growth would be 65 billion in AUM. HOWEVER, its only today 23 billion in AUM. which is almost 1/3 of what it should be.
So I think they see the writing on the wall. its time to play ball.