Exchange Traded Concepts fails to live up to one of the hallmarks of stewardship, manager investment, to help align portfolio manager and shareholder interests. None of the firm’s assets are covered by an invested manager. Exchange Traded Concepts's longest-tenured managers do not possess the same experience as management teams at other firms, a detractor from its rating. Specifically, average asset-weighted tenure within the firm is only four years. Looking at the firm's risk-adjusted performance, its fund lineup compares similarly to competitors. Across its open-end and exchange-traded funds, the firm's average overall Morningstar Rating is 3.0 stars.
Top-Performing Stock ETFs for the Month
SEI Large Cap Momentum Factor ETF and Pacer Lunt Large Cap Alternator ETF were among the best-performing ETFs in August 2024.