The data demands of exchange-traded funds (ETFs) are having an impact upon performance teams at financial services firms, says Eric Pollackov, global head of ETF Capital Markets, Invesco Distributors, Inc., based in New York, N.Y.
“I think the conversation really is just about the growth about the ETF industry,” Pollackov says. “So, if we think about ETFs from 1993 to where we are now in 2019, there’s over three and a half trillion dollars in the United States alone.”
Pollackov agreed to a video interview with FTF News during FTF’s Performance Measurement Americas conference, PMA 19, held last month in New York City. Pollackov was panelist for “The New Burdens of ETFs” session at the conference.
“So, the growth of any type of asset class whether it be a [tax] wrapper or an ETF or a mutual fund is clearly going to have to bring some amount of data to the table,” Pollackov says.
The Invesco global performance and management risk team “is essentially taking out the same data as they would for a mutual fund as they would for an ETF. So that’s really how ETFs are affecting the overall conversation within financial firms,” he adds.
Click the screen above to see the full video interview.
Video Production: Janene Knox and William J. Poznanski, Jr.
Interview conducted by Eugene Grygo, chief content officer, FTF News
Co-Producers: Sarah Hathaway, vice president, Financial Technologies Forum (FTF) and Eugene Grygo