Mondays are all about ETFs here at Abnormal Returns. You can check out last week’s links including a look at how ETFs earn securities lending revenue.

Quote of the Day

"Stay cautious and skeptical, by all means, but also stay open minded to the possibility that someone could build something better for your clients and better for your portfolios, and it just might be sitting out there on the road less traveled."

(Phil Bak)

Chart of the Day

The wave of self-indexed ETFs seems to have crested in 2017.