Big Banks Get Creative in New ETF Offerings

The video discusses the increasing involvement of Wall Street banks in the ETF market, highlighting Goldman's innovative ETF with a unique midday settlement feature and JP Morgan's Diversified Alternatives Fund, which offers hedge fund strategies at a lower cost. Fidelity's new smart beta products are also covered, showcasing their strategy to compete with traditional index fund players.

How are traditional index fund ETF players responding to the competition from Wall Street banks?

What are the implications of the new smart beta products launched by Fidelity?