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Several major financial firms are making significant moves in the ETF industry. Morgan Stanley's ETF lineup has surpassed $1 billion due to its mutual-fund conversions. Eagle Capital Management is entering the $9 trillion ETF industry with a $1.8 billion conversion of a separately managed account. Goldman Sachs has launched a white label ETF issuer with a $1.8 billion SMA conversion, one of the largest seen. This trend signals the increasing popularity of hedge fund strategies in the ETF market.
Eagle converts separately managed account into $1.8 billion ETF https://t.co/5OmiGvhIa5 https://t.co/Kl5BeqBDrt
RIAs/UHNW/asset_mgrs, If you weren't aware that SMAs can be converted tax-free into ETFs ("351s"), you may want to pay attention. This is the future. GS just launched the largest one we've ever heard of -- we believe we held the prior record at ~800mm.… https://t.co/x4JPf7bagy
Goldman's white label ETF issuer says hello with $EAGL which is a $1.8b SMA converted to an ETF which begins trading today (if that's not largest SMA to ETF conversion it has to be Top 5, it's massive) https://t.co/p0OoeNRXYc
