Finfluencers loom large in world of ETFs

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Finfluencers loom large in world of ETFs
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Asset managers are keen to increase brand awareness but recent enforcement action highlights difficulties

In recent years a growing number of asset managers have sought influencers’ help to boost brand awareness and promote their funds. Fund managers have struck agreements with influencers who have built a significant following and who endorse the companies or products on their platforms. Invesco, for example, recently worked with retired WNBA legend Candace Parker. In an April Instagram post, she compared her growth as a basketball player to the process of launching a career in investing.

Some of KraneShares’ most effective campaigns included its partnership with the popular Animal Spirits podcast run by Ritholtz Wealth Management’s director of institutional asset management, Ben Carlson, and Ritholtz partner Michael Batnick, Dube said. “ have cultivated this audience that trusts the person, and they can feel like they’re hearing about this news from a friend. For us, it’s one of the best ways to get the message out on a brand,” Dube said.

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