
ETF Zoo
Substance Over Shenanigans Still Matters in ETFs
Goldman Sachs' $2.3 billion acquisition of Neos kicks off this episode of ETF Zoo. Hosts Dave Nadig and Sumit Roy of ETF.com or joined this week by Brent Sullivan, Editor of Tax Alpha Insider, and Todd Sohn, Chief ETF Strategist at Baird Strategas. The Zoo crew discusses if the acquisition is a smart bet on retiree income demand and the implications for the broader options income category which has seen parabolic growth in recent years. Are younger investors flocking to these funds because bonds are simply too boring? Todd Sohn also delves into the bizarre and concerning market phenomenon of consumer stocks disappearing from major indices as tech eats their spending share, and whether this year's small/mid-cap rally has real staying power. Things turn serious as Brent Sullivan previews Treasury's growing scrutiny of 351 exchanges, box spreads, and dividend-avoidance ETF structures. The crew also weighs in on a controversial Bloomberg feature spotlighting Cliff Asness on tax-aware investing. The episode closes with a cautionary tale: a Market Wizards-famous manager's ETF down roughly 97% this year after betting big on short-dated options.

