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More than 4,000 people have descended here for the Future Proof conference , a vast social gathering designed to give younger registered investment advisors and other investment professionals access to what they want. What they want, apparently, is an intense desire to network with other RIAs and investment professionals and find ways to grow their business. Reimagining the financial conference Future Proof is the brainchild of Barry Ritholtz, co-founder, chairman, and chief investment officer of Ritholtz Wealth Management, and CEO Josh Brown. This is the third year for the conference, but Ritholtz and company have been doing conferences for 15 years. Ritholtz describes it as an ongoing project to reinvent the financial conference concept, which he says is "moribund."
Persons: Barry Ritholtz, Josh Brown, Ritholtz, Van Eck, Matt Middleton, Adarsh, Brett Rodgriguez, Delon Mansour, Mansour, Shyamsundar, Harris, Consulting's Brett Rodgriguez, Akash Shah, Shannon Saccocia, Raj Dhanda, Ares Management, John Christmas, RIAs, They'll, Mike Novogratz, Anna Paglia, Bryan Whalen, Saira Malik, Lauren Goodwin, Scott Wapner, DoubleLine Capital's Jeff Gundlach, CNBC's, Jan van Eck, Matt Hougan, DJ Mick, There's, Bob Pisani, Jon Maier, JP Morgan, Pisani, Jan Van Eck, Marlena Lee, That's Organizations: Ritholtz Wealth Management, JPMorgan Chase, Capital Group, Street Global Advisors, Funds, Polaris Capital Management, Graystone Consulting, Investments, Investment, Ares, HPS Investment Partners, Global, Life Investments, Bitwise, Management, Dimensional Fund Advisors Locations: HUNTINGTON BEACH, Calif, Los Angeles, Iowa, California, Huntington Beach, San Diego, Michigan, ETFEdge.cnbc.com
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe rotation into small caps is becoming real, State Street’s Anna PagliaAnna Paglia, Executive Vice President and Chief Business Officer for State Street Global Advisors, joins CNBC’s Bob Pisani on ‘ETF Edge’ on the ‘Halftime Report’ to discuss the rotation into small caps, the value trade and more.
Persons: State Street’s Anna Paglia Anna Paglia, Bob Pisani Organizations: State, State Street Global Advisors
The investor behind a top 10 global ETF sees a bearish trend in the Big Tech rally. Anna Paglia, who oversees the tech-heavy Invesco QQQ Trust , sees signs investors are starting to take a defensive approach to the group. Two other top holdings, Meta Platforms and Nvidia , are up more than 100% for the year. "People don't know if … this performance is only driven by the mega caps or if there's more in there," she said. "We are still firm believers in the QQQ, but it's a wait and see for our clients," she said.
Playing market defense with high-quality ETFs
  + stars: | 2023-05-17 | by ( Kevin Schmidt | ) www.cnbc.com   time to read: +2 min
Amid rolling banking stress and ongoing inflation and recession concerns, the flight to high-quality funds has become more appealing for exchange-traded fund investors. "Our clients are really worried about what they see in the marketplace -- high interest rates, high inflation," Paglia said. "So, it's not a coincidence that you see high quality and low volatility being in the driver's seat." While Ladner explained the benefits of junk-seeking strategies, he affirmed that quality is still the standout factor in a slow-growth market environment. "That behavioral modification aspect to investing in a quality portfolio in a time of economic uncertainty can be just as powerful as the economic implications of doing that."
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestments are flowing into fixed-income and cash alternatives, says Horizon's Scott LadnerAnna Paglia, Head of ETFs and Indexed Strategies for Invesco, and Scott Ladner, CIO of Horizon Investments, join 'Halftime Report' to talk the top performing ETF this year, fixed income ETF flows, and cash alternative investments.
Big tech is still the hope in a sideways stock market
  + stars: | 2023-05-15 | by ( Bob Pisani | ) www.cnbc.com   time to read: +5 min
With the S & P 500 down 1% this month, and essentially flat for the quarter, the best you can say is that the overall trend has moved from down in 2022 to mostly sideways in 2023. Lowry, the nation's oldest technical analysis service, has taken to calling the rally in tech "the mega-cap mirage." Lowry noted over the weekend that "core indicators of market health have demonstrated significant deterioration from the early February market high through recent days." Even as the S & P 500 was near a new rally high for the year recently, the S & P Midcap 400 and S & P Smallcap 600 were 12% and 17% below their February 2nd highs last week. Only 46% of S & P 500 stocks are above their 200-day moving averages, hardly a sign of broad market strength.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvesco Global Head of ETFs on growth potential for Nasdaq, equal weight, and low volatility fundsCNBC's Bob Pisani sat down at the Exchange ETF Conference in Miami Beach with Invesco Global Head of ETFs, Anna Paglia, to discuss the growth she expects this year. She runs the #4 ETF complex in the U.S. Her Nasdaq 100 ETF (QQQ) is the 5th largest ETF with $160 billion in assets, with the Junior Nasdaq 100 (QQQJ) also gaining adherents. Her Equal Weight S&P 500 ETF (RSP) has also attracted significant inflows for investors wary of market cap weighted indexes.
Everyone here is amazed at how forgotten segments of the market have rebounded in 2023: international, growth, small cap and bonds. Advisors here are having a hard time wrapping their heads around the idea that there would be a recession ins 2023, and now maybe not. "With real wage growth, large payroll growth and earnings beating expectations it equals a soft landing at worst and maybe no recession near term." Most advisors here are coming to grips with Powell's insistence the Fed will not lower rates this year. Their Equal Weight S & P 500 ETF (RSP) has also attracted significant inflows from investors wary of market cap weighted indexes.
It appears most ETF investors aren't cashing out of technology despite this year's painful losses. Invesco's Anna Paglia lists a reason: Investors are more loyal to the idea of growth than to the market's near-term swings. Yet many big volume ETFs including the Proshares Ultrapro QQQ , which tracks the Nasdaq 100 , are also holding on to investors. The short and leveraged QQQs in the ETF space have been "stalwarts for volume" ever since launching, according to Nadig. They're doing that because they're making a call in tech," the firm's financial futurist said.
Investors looking for yield are turning to exchange-traded funds that track senior bank loans, says a fund manager. One example is the Invesco Senior Loan ETF (BKLN) which follows the market-weighted performance of the 100 largest senior bank loans and has a yield of upward of 3.8%. Senior bank loans are debt securities issued by banks to corporations and they have what's called variable interest rates meaning they adjust periodically with the market. In the last year, the BKLN ETF has gone from steady outflows to strong inflows as investors' inflationary concerns have grown, Anna Paglia, global head of ETFs and indexed strategies at Invesco, told CNBC's "ETF Edge" on Monday. "Now it seems like clients are really looking at that yield story and this fund is the perfect vehicle for that," added Paglia, who oversees the BKLN ETF.
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