Jeffrey Ptak
@syouth1
Dad, CFA, 'commentator'.
Morningstar:
Substack:
22 Following 11.3K Followers
Back of the envelope (ie multiplying each prelim dist as % of NAV by each fund's recent net assets; summing those products; dividing by agg net assets), it works out to ~5.5% of these funds' combined net assets. These funds had seen est $79.4B in agg outflows YTD through Oct 31.
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SEC has issued a proposal that would allow OE funds/etfs to levy perf-based fees in a fashion akin to how HFs/private funds do it (ie, up to 20% of gains). Currently, funds can only levy perf fees using fulcrum-fee structure. This would liberalize that.
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Here come the basketball ETFs: VolatilityShares has filed to register 30 ETFs tied to the 30 'mens professional basketball teams' that seem to correspond to the 30 NBA franchises. Interesting actual team names not referenced, nor is 'NBA'.
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