Tom Lydon Featured on Capital Allocators With Ted Seides Podcast
ABOUT PARACHUTE
Parachute explores the experiences of investors who have been influential in the financial markets and are willing to share what influenced their parachutes.
ABOUT TED SEIDES
Ted Seides, CFA, is the son of a teacher and a psychiatrist. Perhaps by genetic disposition, he is passionate about sharing his insights and investing in people.
In 2017, Ted launched the Capital Allocators podcast, a series of conversations with leaders in money management about the people and process behind capital allocation.
SUMMARY OF THE EPISODE
During the hour-long podcast, Lydon discusses his early career and what drove people to buy or sell a mutual fund in those early days.
He then talked about the evolution of ETFs and today’s landscape, before diving into a diverse range of topics such as fees, distribution, and tax efficiencies to potential landmines and risks in the ETF space.
SHOW NOTES
Here’s a look at the topics discussed throughout the episode:
2:01 – A look at Tom’s early career
4:52 – What drove people to buy or sell a mutual fund in those early days
5:33 – How did Tom’s sell signal just before Black Monday impact the business
6:21 – What were the right funds to invest with
6:56 – What were the key trends during the 80’s and 90’s
8:25 – Layers of cost for mutual funds in the early days
9:04 – Average active management fee back then
10:56 – Evolution of ETF’s
13:49 – Some numbers on the ETF landscape today
15:40 – Why did the last downturn foster more growth in ETFs
18:08 – The institutional presence in the ETF market
18:55 – Fees in the ETF space
19:50 – Distribution of ETFs
21:29 – Actively managed ETF’s
23:35 – Tax efficiency of ETF’s
26:42 – Judging ETF managers
31:26 – Do levered ETFs add any value
34:00 – Ted paper against levered ETFs
35:18 – Potential landmines in ETFs
38:49 – Risks in the ETF space today
42:11– How do ETFs impact pricing distortions
46:16 – What’s happening in active fixed income ETFs
47:43 – Will fund flows chase hot managers?
48:35 – The big trends on the horizon
49:52 – What happens with liquid alternatives
51:08– What are businesses have thrived in the ETF space
53:56 – A deep dive into Tom’s business ETF Trends
55:41 – Closing questions
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