ETF VOTE

[anitya]

It is launched today with an initial AUM of $100M.  ER is 0.05%.  This is just a clone of S&P 500 index ETFs. 

Can it perform better than the Vanguard S&P 500 OEF / ETF?  Why is this ETF necessary for investors?  Now that this ETF competes with Vanguard and Blackrock, does this ETF limit Engine 1's ability to replicate its good work surrounding Exxon?

IMO, there is no reason for Engine 1 to automatically have the votes in its pocket which this ETF will enable if it grows in AUM.  As with Exxon board fight, it is better if Engine 1 puts in the work to convince the big index shops for support if there is a persistent, egregious management behavior at companies they want to target for change. 

[yogibearbull]

SEC filing, www.sec.gov/Archives/edgar/data/1831313/000110465921083404/tm2119155-1_n1aa.htm

Passive VOTE will follow M* LC Select Index - 500 largest by market-cap and selected by M*. Unclear how much different from SP500 that does have some inclusion rules (4+ quarters of profitability, etc). If reports of $100 million seed money are correct, that would be a good launch.

News www.cnbc.com/2021/06/22/underdog-activist-engine-no-1-is-launching-an-etf-after-big-exxon-win.html

[yogibearbull]

2nd half of the SEC filing is on another Transform Climate ETF to be offered soon. It will be active and will have much higher ER.

[xray]

yogibearbull,

Had a few investments in ETF's quite a while back. Never followed them after they all turned negative. If/when you have the time, could you please give me the best "3" ETF's that are considered performing well and "3" of the worst so I can run them in my computer system to see if ETF's are comparable to CEF's analysis parameters that I currently use. Would appreciate it....

Live Long and Prosper....

[Capital]

They have a flashy Web Site  - anitya , I do not see much to make me move from IVV where I get a 3 bp ER. Thanks for telling us about this. Always good to know about new things.

engine1.com/

[anitya]

Jul 30, 2021 19:13:49 GMT Capital said:

They have a flashy Web Site  - anitya , I do not see much to make me move from IVV where I get a 3 bp ER. Thanks for telling us about this. Always good to know about new things.

engine1.com/

Thanks.  I will check it out.  I was questioning the hype of its launch.  Interestingly, it has gained another $50M inflows since launch.  On the face of it it is not differentiated enough from SPY / VOO to interest me but may be when I study the website it will make me change my mind.