What One CEO Learned on His Pilgrimage to Valley Forge

The video discusses the structure and strategy of an ETF issuer with $2 billion in assets, focusing on independence and shareholder alignment. It compares its ownership model to Vanguard's and addresses the challenges of maintaining low expenses. The potential shift towards mutualization in asset management is explored, along with the issuer's role as a sub-advisor for $6 billion in ETFs. The video concludes with insights into industry trends and the growing need for expertise in ETF management.

What challenges does the ETF issuer foresee in achieving a mutual structure for asset management firms?

What are the key differences in approach between ETF management and traditional asset management?