ETFs are the preferred investment format for most modern investors, making it essential for asset managers to offer their strategies in this vehicle.

“And also, at the end of the day, ETFs are where the fish are biting, Joel. It's it's like Spotify. It's just how people like to get music. So, if you're an asset manager, you definitely want to get your strategy in this format, right?”

ETFs provide a superior, more scalable, and efficient vehicle for delivering complex hedging strategies to investors compared to traditional alternatives.

“The compliance burden associated with trading options and the scalability because when you buy a fund you buy a stock you you could put in your portfolio fall asleep for 30 years maybe you b rebalance once a quarter you buy an option every 30 days 60 days from now you have to trade it by having it i”

The addition of ETF share classes provides investors with beneficial, tax-free options to transition from a mutual fund into an ETF format.

“So in the prior world they would have to sell that share of the mutual fund potentially realize a capital gains pay tax and then buy that ETF share. So in the future or actually starting uh now with these new share classes they will be able to convert in a tax-free manner”