A small fund manager is generating ETF revenues that rival Vanguard's. Investors appear not to mind the sky-high fees — or its executives' incendiary tweets on BLM protests, gun violence, and more.
, the most recent figures available, when the average fee paid by mutual-fund and ETF investors was 41 basis points, Morningstar research showed.
In his Fearless Investing Summit keynote, Bowen seemed to enjoy making light of his right-aligned political views. In one recent tweet, he decried the leak of the draft opinion from the Supreme Court that would overturn Roe v. Wade. First Trust's deputy chief economist, Stein, responded"pogroms," a reference to organized killings targeting an ethnic or religious group and a term often associated with the Holocaust.
"Comparing a vaccine mandate to slavery is one of the worst takes I've heard yet," one Twitter user responded."He gets a lot of attention, whether it's good or bad, in many cases," Sondhelm said."Are there advisors and investors that are turned off and going to stop using them, or prospects that do due diligence and say they aren't going to work with these guys? Probably.
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