Podcast – Tom Lydon Featured on Capital Allocators With Ted Seides Podcast

Tom Lydon Featured on Capital Allocators With Ted Seides Podcast

June 11, 2018 // 1 hr 3 min // SUBSCRIBE FOR FREE:

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

VIEW DISCLAIMER

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