12 Investment Must Reads for This Week (Sept. 15, 2026)

12 Investment Must Reads for This Week (Sept. 15, 2026) David Bodamer Tue, September 15, 2026 at 6:08 PM GMT+2 4 min read SPY spawns/iStock/Getty Images You can find original article here WealthManagement . Subscribe to our free daily WealthManagement newsletters .

Why the Next Generation of ETFs Looks Riskier for Investors "The bad news is that an increasing number of newer ETFs are taking on considerable risks in order to carve out a niche and compete. While State Street SPDR S&P 500 ETF Trust provides sensible, broad exposure to the US market, newer ETFs crank up risk in various ways. The latest ETFs offer leveraged exposure to just one stock, promise unrealistically high income, and provide exposure to all sorts of cryptocurrencies, among others.

" ( Morningstar ) Voya Investment Management Shakes Up Top Investment, Distribution Roles "Voya Investment Management's chief investment officer is set to leave the firm after an evaluation of the role, a spokesperson confirmed…. Voya does not intend to replace Stein's position, the spokesperson told FundFire. The CIOs of each asset class will report directly to Voya Investment Management CEO Matt Toms.

" ( FundFire ) Where investors avoiding bonds in brutal selloff are finding new income sources "While many advisors and strategists said bonds should remain part of a diversified investment portfolio, they are shifting allocation to lower-duration alternatives such as ultra-short bonds. Others are looking for complementary non-fixed income products for investors who want less exposure to bonds. " ( CNBC ) What a Drag: The Impact of Taxes on Investment Returns "Compounding the tax drag over 50 years, and ignoring tax savings techniques (other than buying and holding the index) that I'd apply to taxable portfolios, the loss from taxation is an incredible 45.

4% of the ending pre-tax portfolio value. (This result obtains even though the compound annual return difference looks small on paper, 10. 57% versus 11.

67%. )" ( Quent Capital ) Bond Yields Near 5% as ETF Investors Keep Buying "By category, international equity ETFs led with $6. 9 billion in inflows, followed by US fixed income ETFs at $4.

9 billion. US equity ETFs managed to pull in just $293 million, a second-straight ho-hum week. " ( ETF.

com ) Bond Veteran Bassman Escalates Clash With $14 Billion ETF Issuer "In the missive, sent in advance of Simplify's first-ever shareholder meeting in August, Bassman laid out a dozen questions he wanted to ask the board. They indicate Bassman believes Simplify is overstating its growth, charging investors fees it shouldn't, and overriding strategies to make idiosyncratic bets, among other alleged transgressions. " ( Bloomberg ) Research Affiliates' Arnott Stakes $30B on Active Investing Push "Rob Arnott, the founder of Research Affiliates, or RAFI, and its index business, is staking $30 billion on a deeper push into active investing through his newly rebranded shop Syzygy Asset Management.

" ( FundFire ) Schroders considers acquisitions to expand wealth division "Gregson, who joined Schroders at the end of last year to lead its wealth management arm, said he wanted to refocus on very affluent clients. He added that acquisitions could help serve that part of the market, which involves providing financial planning and managing high-net-worth customers' assets to generate more fee income. " ( Financial Times ) Great Gray CEO Barnett Explains iCapital Private Market Partnership "'When was the last time you remember the industry really bringing a new asset class to market?

'" he added. "'It's been a while, and it's complicated. We're taking a responsible approach to this and how we want it to look in five years.

'" ( NAPA ) Opaque Private-Credit Leverage Raises Risks for Investors "This borrowing, known as fund-level debt, helps private lenders manage cashflows and, in some cases, juice the returns on good deals. It can also magnify investors' losses on bad bets and could even create risks for banks in a severe downturn, industry analysts say. " ( WSJ ) Demystifying Semiliquid Fund Fees "There's no way to easily compare semiliquid fund fees using prospectus expense ratios.

That's why Morningstar set out to create a new cost estimate that separates a fund's fee structure from the fund manager's own assumptions, replacing them with a standard set of return and borrowing-cost assumptions. " ( Morningstar ) Blackstone's Head of Real Estate Is Leaving the Firm "Nadeem Meghji is stepping down from his position, Blackstone confirmed, less than a year after taking sole control of Blackstone's real-estate business…. About a dozen senior managing directors have departed Blackstone's real-estate group over the past three years or so.

Blackstone has 45 senior managing directors in the real-estate group, with an average tenure of 14 years.