Every day, a handful of new exchange-traded funds hit the market. Some shoot to instant success, others slowly build assets over months or years, and many quietly fade away. On a recent episode of Bloomberg's Trillions podcast, hosts Eric Balchunas and Joel Weber launched a new monthly segment to sift through the flood of launches and pick out three ETFs worth watching. They were joined by Bloomberg News cross-asset reporter Isabelle Lee to discuss a late Bitcoin ETF, a rare launch from a major asset manager, and an expensive swing at value investing.
Late Bitcoin Arrival
One of the funds highlighted is a Bitcoin ETF that arrives relatively late to the party. While many crypto ETFs have already been launched, this one still aims to capture investor interest with its unique structure or lower fees.
Rare Launch from Morgan Stanley
Another ETF comes from Morgan Stanley, a firm not typically known for launching ETFs. This move signals a growing trend of traditional asset managers entering the ETF space.
Expensive Value Play from Pzena
The third fund is from Pzena Investment Management, a firm specializing in deep value investing. However, the fund comes with a higher expense ratio, which could be a hurdle for cost-conscious investors. The hosts discuss whether the potential returns justify the cost.
The segment aims to help investors identify which new ETFs might become future mainstays and which might be better to avoid.