Alexander (Alex) Altmann

speaker
337 appearances 1 recordings 1 series first heard Jul 2026 last heard 10 Jul

Alexander (Alex) Altmann’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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And some may say, well, only 75%, so why is it not higher?
And also, I think we should probably just be very clear, like, level ETFs have made retail an awful lot of money, right?
So, you know, there are plenty of guys driving around in McLarens because of their returns that they've generated in level ETFs.
So, you know, I think we sort of need to balance out and sort of- No judgment here.
And on balance, a lot of money.
I actually got asked this morning, have you actually calculated how much money has been made?
And I said, no.
But on balance, a lot.
Yeah, quite a bit.
So going back to the point on retail, take the US, for example.
The US, it's a phenomenon of our lifetimes.
34% of US household wealth is now in equities.
It's the highest on record.
It's higher than dot com.
I think what's even more amazing about that stat is if you take the next largest component of household wealth in the US is real estate, and that is around about 26%.
So the eight percentage point difference between those two sort of assets, so to speak, is also the widest on record.
We as a society have never been this over indexed or overexposed to equities.
And so I think that what you've seen within, say, the levered ETF space is really just another small part of that broader ecosystem that has contributed to this enormous wealth creation.
And one of the things that we think about a lot as a team, people ask us, what keeps you awake at night?
It's not levered ETFs that keep me awake at night.
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