Paris | 26 June 2018

Disruptive Threats and Opportunities:
The Future of ETFs

Europe is the second largest ETF market globally, and will continue to be a key strategic focus for many of the world’s largest asset managers given regulatory changes, improvements in market infrastructure, and new product developments that are rapidly increasing investor adoption of ETFs across channels. For the first time Bloomberg is convening an exciting 4-part series, Disruptive Threats and Opportunities: The Future of ETFs taking place in Amsterdam, Frankfurt, Paris, and Zurich. We’ll gather leading investors, issuers, and industry experts to answer questions including — is indexing getting too big? Will ETFs cause the next crash? Where will the growth in new products be? And whether MIFID regulations could unlock more transparency and growth for the industry. Whether you’re an active manager looking to beat the benchmark, or currently working in the ETF space, knowledge of how the ETF market is growing and changing is vital to profit in today’s uncertain market environment.

June 26 - Tuesday

8:00 am

Registration & Networking Breakfast

9:00 am

Welcome Remarks

Host

9:05 am

Opening Remarks

Speaker

9:10 am

MIFID II and Transparency: A Coming Boom for ETFs?

The Markets in Financial Instrument Directive II is being hailed for its promise to more than double ETF assets in the European region to $2 trillion in five years. The sweeping regulations will require every ETF transaction to be reported -- a huge change for a market currently dominated by behind-the-scenes trading. This has many betting new transparency around trades and costs will help fuel a growth path in the region and help bring the market up to speed with its U.S. counterpart. With the floodgates set to open will it be the big bang for the ETF industry? Will it provide expected transparency in light of the European industry being scattered across the bloc's dozens of countries?

Speakers

Host

9:30 am

From Strategy to Industry: The State of ETFs

Many investors are now realizing the powerful benefit of the ETF, and there seems to be a consensus that the growth trajectory of the industry is only going up. But questions and debates remain around topics such as investment strategy, industry outlook, and portfolio implementation. We'll get a firsthand account from investors, issuers, and strategists to answer questions such as--Is indexing is getting too big? Are these products distorting fundamentals and possibly leading to the next market crash? In order to keep cash flowing in, ETF fees will have to keep falling with many saying being a low-cost provider is a prerequisite to survival. How low can fees go? Where will the growth in new products be? And how passive and active strategies co-exist?

Speakers

Moderator

10:00 am

Bloomberg Intelligence Presentation: ETF Traffic Light Europe

In today's market getting a red, yellow, or green light before investing in exchange-traded products could make all the difference. Bloomberg Intelligence presents an objective, transparent and easy-to-understand alert system that allows investors to evaluate and compare exchange traded notes or funds. Our analyst will take you through the methodology, and look to help identify any unforeseen dangers or surprises due to factors such as leverage, tracking issues, less-liquid holdings, derivative use, unusual taxation and hidden costs

Speaker

10:15 am

The Future of Money: Fintech's Hold on Investing

Technological advances are radically changing how we both live and invest. From peer-to-peer lending, to robo-advice, and the rise of algorithmic strategies and trading firms the industry is seeing a profound impact in how it does business. We'll gather experts across fields to understand what the investment opportunities are in this area? What will make new firms successful over the traditional giants building out their own tech platforms? And seek to answer whether these firms have the opportunity to upend the industry and really change behavior.

Speakers

Moderator

10:45 am

Closing Remarks

11:00 am

Event Concludes

Speakers

Nejra Cehic

Anchor Bloomberg Television and Radio

Sean Hagerty

Managing Director Vanguard Europe

Henri Boua

ETF Business Development Bluefin Europe

Carmen González-Calatayud

Director, Senior Product Specialist HSBC Global Asset Management

Olivier Paquier

Head of ETF Distribution Continental Europe J.P. Morgan Asset Management

Andrew Jamieson

Managing Director & Global Head of ETF Product Citigroup

Thomas Merz

Head of Distribution, Europe, Ex-UK Vanguard

Slawomir Rzeszotko

Head of Institutional Sales & Trading, Europe Jane Street

Deborah Yang

Managing Director, Global Head of ESG Index MSCI

Yakob Peterseil

Editor, ETFs Brief, Structured Notes Reports Bloomberg

Athanasios Psarofagis

EMEA ETF Analyst Bloomberg Intelligence

Mourtaza Asad-Syed

Founder & Chief Executive Officer Yomoni

Ruth Foxe Blader

Director Anthemis

Lisa Jacobs

Chief Strategy Officer Funding Circle

Shaun Port

Chief Investment Officer Nutmeg

Fabio Benedetti Valentini

Reporter Bloomberg News

Sponsors

Founded in 1976, The Vanguard Group Inc. has grown into one of the largest fund managers in the world, with $5 trillion in total assets under management (as at 28 February 2018). The Vanguard Group’s unique ownership structure means it is free to focus on low-costs, transparency and fairness for all clients. Vanguard has been present in Europe since 1998, opening its London office in 2009. Since that time the company has built a range of mutual funds and ETFs that bring its low-cost, high-quality ethos to investors across Europe.

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