Future-Proofing Wealth Management

Okay, here’s a breakdown of ‍the key facts from the provided text, organized for clarity:

1. ETF vs. Mutual Fund Performance:

Mutual Fund Struggles: only 54% of mutual fund managers are outperforming the market (according to SPIVA by S&P ⁣Global Indices).
ETF Rise: this poor performance is a key reason for the growth and increasing issuance of ETFs. Questioning Fees: The speaker questions the value of the fees⁣ (“basis points”) charged by mutual funds given their underperformance.

Future Proof Conference: The speaker is at the Future ⁢Proof wealth management conference ⁢and will be sharing updates on social media.
Apple iPhone 15 Release: new iPhone release this week.
Consumer Credit Report: Released later this ⁤morning.
Goldman Sachs Communicopia Conference: Presentations from major⁤ companies (like Microsoft, Nvidia) to Goldman Sachs clients.
Producer Price Index (PPI): Released Wednesday – measures wholesale manufacturer costs.
Consumer Price Index (CPI): Released Thursday – measures inflation⁤ from the consumer outlook (for August). ⁢ The⁢ speaker notes inflation has been rising recently.
Earnings Reports: Adobe and other companies will release earnings.
Consumer Sentiment: Preliminary⁣ report released Friday – gauges consumer confidence and spending.⁢ Spending has been holding⁤ up so far.
Source for Coverage: Investopedia.com newsroom will cover these events.

3. Indicator of the Week:

S&P 500 Changes: ⁣ The addition of new companies to the S&P 500 typically ‍causes a stock price increase (due to index fund buying). ⁣The text trails off mid-sentence about companies leaving the S&P 500.4. Other Notes:

Dave (ETF Expert): The speaker references an expert named Dave on the ETF industry and recommends checking out his work and “zine.”
* “Money in Motion”: The speaker mentions they are trying to‍ focus on “money ⁣in motion” (i.e., where money is flowing in the market).

Let me know if you’d like me to elaborate on any of these points or analyze the text further!