Marguerita Cheng, CFP® Pro is featured in the ETF Global Outlook SPECIAL REPORT 2022
January 2022: Marguerita Cheng, CFP® Pro is featured in this year’s ETF Global Outlook An extraordinary year of growth. Scroll down for the introductory letter by Beverly Chandler, Managing Editor of the ETF Express. And click here to read the entire report, including Beverly’s interview with Rita on page 10!
Beverly Chandler, Managing Editor, ETF Express writes:
It has been an extraordinary year for ETFs worldwide, with assets increasing to the USD10 trillion mark and a huge range of exciting and innovative launches, as thematic ETFs dominated the playlist.
Our interviewees for the ETF Express Global Outlook Report 2022, published in association with The London Stock Exchange, are all drawn from the buy-side, investors in ETFs representing billions of dollars in the sector, hailing from the US and Europe.
The key themes of ESG and cryptocurrencies have dominated this year and our investor group tells us that they aren’t going away any time soon. Henry Timmons, director of ETFs at Richard Bernstein Advisors LLC in the US, describes the recent denial of a spot crypto ETF by the SEC as ‘confounding’, while Mary Hagerman, portfolio manager and investment adviser with Raymond James Ltd in Montreal, Canada, predicts more ETFs created in the crypto space, linked to the actual coin or the blockchain technology behind it, and also adds: “In the search for yield, I think we will see a lot more hybrid fixed income products that are managed investments in an ETF wrapper. This could include ETFs with a fixed distribution policy, use of derivatives, and more.”
In the UK, Ben Seager Scott, Head of Multi-Asset Funds, Tilney Group Ltd is not such a fan of cryptocurrency products. When asked if crypto will continue to grow within the ETP format, he says: “Sadly, probably so, driven by continued heavy demand, especially from retail. Now, I’m all for offering investors choices and a range of tools to use, but this remains an area where I think many investors may be drawn in by hype rather than fully understanding cryptocurrencies and may not realize some of the mechanisms underlying these formats.”
Over in Germany, where crypto products are allowed, Jacob Hetzel, Head of Distribution, Scalable Capital says: “We see ETPs as an essential part of the future of crypto investing. The reason for this is that many people want to participate in the price trend of crypto assets, but do not have the opportunity or the knowledge to trade in crypto values. This is fundamentally simplified by holding a crypto ETP right alongside other ETFs in the portfolio, so that more people have access to these kinds of digital assets, while this asset class is secure, easy to trade, and to integrate into the portfolio context.”