Since the S&P 500’s October 2022 low, ETF assets are up more than 250 percent.
BY PHIL ROSEN, CO-FOUNDER AND CEO, OPENING BELL MEDIA; CHIEF MARKET STRATEGIST, PROCAP FINANCIAL @PHILROSENN
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Wall Street can’t stop manufacturing its own risky products.
Since the S&P 500’s October 2022 low, ETF assets are up more than 250 percent, Todd Sohn, chief ETF strategist at Baird Strategas, wrote in a note on Tuesday.
At the same time, assets in ETFs using derivatives are up more than 450 percent.
Plus, issuers have launched 3,363 new ETFs over that stretch and more than 30 percent of this year’s launches use leverage, according to data from VettaFi.
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By the numbers:
- Equity ETFs have pulled in $3.2 trillion since the low
- Equity mutual funds have lost $3.3 trillion
- Money market fund assets are up 74 percent, or $3.4 trillion
And now the products are reaching private companies.
On Tuesday, 21shares listed CLAU in Vienna, billed as Europe’s first ETP offering exposure to Anthropic’s implied pre-IPO valuation.