Mystery solved via Ben re the $17b in $IQMM on Day One. The call is coming from inside the house, literally, ProShares own funds are all now using IQMM now for their cash positions. Big time BYOA and not as exciting but arguably smart vs paying another fund co.

Prepping for presentation I found this slide from last year, it's a bit strong but I stand by it re what will be the main impact of MFs adding on ETF share classes (which should kick off in next few...

The race to zero has hit a wall as the asset weighted average ETF fee has finally stopped its descent and even reversed a bit (this chart is one of the scariest, albeit slow moving ones for Wall St, equiv...

Here's ETF flows for the first six weeks of the year historically. This year is off to the best start almost by double. One reason is growing depth of cash vacuum cleaners. VOO, SPYM hoovering as always but there's already...