ETF Structures

From U.S. equities to complex strategies, ETFs consistently prove more tax efficient than peers. But efficiency depends on smart management, especially for asset classes like bonds, emerging markets, or crypto. With the right execution, ETFs offer the opportunity to transform structural quirks into investor advantages.

As demand for yield climbs and fixed income regains its footing, investors are increasingly turning to private credit. Once the domain of institutions and hedge funds, this trillion-dollar asset class is rapidly becoming more accessible through exchange-traded funds (ETFs). But as private credit enters the ETF mainstream, some industry insiders are raising a cautionary flag: just because it can be wrapped in an ETF does not mean it should be.

For many asset managers entering the ETF world for the first time, the question of control is front and center. Who actually owns the fund? Can I be replaced? What decisions can I make? What am I liable for? These concerns often arise from a lack of clarity around how ETFs are structured under the Investment Company Act of 1940 (‘40 Act).

While passive index ETFs have long dominated the market, the rise of active ETFs is changing the landscape. Investors are pleading for more than just broad-market exposure; they want strategic, risk-managed portfolios that can adapt to changing market conditions or provide the perfect final piece to complete their portfolio. Read on to know more

While diversification offers stability, concentration offers the potential for much higher returns, albeit at the cost of increased volatility. Let’s dive into how these two concepts play out in the ETF landscape.

In 2023, the derivatives-based ETF market accounted for $46 billion out of the $349 billion in active AUM. Fast forward to January 12th, 2025, and that figure has skyrocketed to $168 billion, representing approximately 18% of the $900 billion in active AUM. Read on to know more:

From foreign markets to derivatives, discover the challenges and solutions in achieving optimal tax outcomes with the ETF wrapper.