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The Wall Street Skinny
109. ETFs 101 with Brian Weinstein, Head of Global Markets at Morgan Stanley Investment Management
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You've probably heard of Exchange Traded Funds (ETFs) before. You may even own shares in some. But do you actually know what they are? How are they created? How do they work? Who maintains liquid markets in them? Why would you invest in one in the first place? And why has this marketplace exploded to a size of $11-12 trillion across 10,000+ funds?
We are joined by longtime friend Brian Weinstein, head of global markets at MSIM, to understand the mechanics, philosophy, and inner workings of the world of ETFs.
Brian Weinstein is head of Global Markets at Morgan Stanley Investment Management, overseeing counterparty management, ETFs, liquidity investment management, and the Global Markets Strategy Group, which designs and implements algorithmic portfolio management solutions. He is a member of the Morgan Stanley Investment Management Operating Committee. Previously, he was head of Fixed Income.
Prior to joining Morgan Stanley in 2018, he was cofounder and chief investment officer of Blue Elephant Capital Management and before that was head of Fundamental Institutional Fixed Income at BlackRock. He has over 20 years of financial services experience.
Brian has a BA in History from the University of Pennsylvania.
https://www.morganstanley.com/im/en-us/individual-investor/product-and-performance/etfs.desktop.html
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