ETF Express Newsletter 11.10.24

Under construction

This week our New York correspondent, Bailey McCann, spoke to Taylor Krystkowiak, Themes ETFs about the firm’s Infrastructure ETF. Krystkowiak tells ETF Express that the goal of the fund is to give investors exposure to the key components of infrastructure spending. "We think this is an area of the economy that is likely to outperform even if we see a slowdown because the demand for infrastructure spending is so great," he says. "There is a lot of work to do in building and repair."
We also had quite a lot to say about gold this week. Peter Taberner took on the subject for us, editing a new version each day virtually as we watched quite the gold rush unfold. John Reade, the senior market strategist at the WGC, says: "The predominant driver of the gold price appears to be shifting.
"Over the past two years emerging market gold buyers have been the dominant force in gold, with western investors showing less interest in adding to gold holdings, both via ETFs and through purchases of physical gold coins and small bars.
"But with western economies slowing, inflation subsiding and the prospects of substantial interest rates to come, western investors are showing signs of renewed interest in gold."
The ETF industry seems to be on a continuous rush. News this week from a range of data providers reveals that we have hit a record year for inflows in ETFs, one that has not been seen since 2021, according to Amundi.
We have an interesting fact from Morningstar which reports that in Q3 the United States dominated global ETF assets and flows on an absolute basis, but ex-US ETFs grew 9.0 per cent organically for the year-to-date, and US ETFs have grown 8.4 per cent.
We are very pleased to be able to bring our readers a discount at the December Inside ETFs’ Canada event. The programme is here, and please use this discount code, ETFExpress2024, for 20 per cent off.
We are also pleased to bring you a discount for a London-based responsible investment conference. This code, ETF20, will gain you a 20 per cent discount on tickets to attend RAO Global’s symposium on 21st November in London. The event details are here.

Beverly Chandler, Managing Editor
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