ETF : Trop populaires pour être sans danger ?

✍️ETFs: A Financial Revolution... But at What Cost? In this video, we discuss the rise of ETFs and the potential risks they could pose to financial markets. Drawing on a series of recent articles and studies from Apollo Global Management and the European Central Bank, I explain how the rise of passive management is transforming the markets: concentration of flows in large companies, increased correlation between stocks, and amplified risks in times of stress. I also share a reflection based on a study by Blake LeBaron and fascinating examples such as the Millennium Bridge in London and the Angers bridge, to show why diversity—whether in behavior or investment strategies—is essential. ETFs now represent nearly 60% of equity funds in the United States, but their impact goes far beyond that. So, should we be worried? Could the popularity of ETFs trigger a crash or create structural imbalances? Let's discuss it together! 🤵‍ A trader and then manager at investment banks and private banks in Paris, London, and Geneva, Xavier Delmas deciphers the financial markets and the economy.