Videos
ETFs Evolving Role in the Insurance Industry
Most insurers are now using ETFs (exchange traded funds) in their portfolio. A recent Clearwater survey found 58% of insurers polled have equity ETFs in their portfolio and 56% invest in bond ETFs. What’s next for this expanding market?
Watch Clearwater’s Lisa Stange, CFA, as she hosts a panel with Vanguard’s Jeff Freeman, CFA, CFP and Jane Street’s Ugo Egbunike to discuss trends in insurance companies’ usage of ETFs and review the ETF structure and trading best practices.
Learning Objectives:
- View a peer study to learn what your competitors are holding and why, and what is next
- Improve your ETF trade — get tips on timing, execution, and avoiding unnecessary fees
- Understand how to optimize regulatory capital, including what funds are capital efficient and how you should account for them
- Delve inside the ETF creation-redemption mechanism for a review of the inner workings of ETFs
Featured Presenters
Lisa Stange, CFA (Moderator)
Insurance Solutions and Services Advisor, Clearwater Analytics
Lisa Stange, CFA (Moderator)
Insurance Solutions and Services Advisor, Clearwater Analytics
Lisa Stange, CFA, is Chairman of the Investment Board of Iowa Public Employees’ Retirement System. She is also on the board of CFA Society Iowa. Her past positions include chief investment officer of Homesteaders Life Company, chief investment officer and treasurer of EMC Insurance Companies and portfolio manager of multi-sector bond portfolios at Principal Financial Group. She is active in the Insurance Women’s Investment Network and the Des Moines Art Center. Ms. Stange has an M.B.A. and B.B.A. from the University of Iowa and a Registered Nursing degree from Clinton Community College. Her interests include downside risk management and pension security.
Jeff Freeman, CFA, CFP®
Regional Director, Insurance General Accounts at Vanguard
Jeff Freeman, CFA, CFP®
Regional Director, Insurance General Accounts at Vanguard
Jeffrey Freeman, CFA, CFP®, is a regional director in Vanguard Institutional Investor Group’s insurance general accounts team, where he is responsible for delivering investment solutions to insurance general account clients across the United States. Mr. Freeman joined Vanguard in 2003. Before his current role, he was a sales executive in Vanguard Retirement Plan Access™, where he was responsible for working with financial advisors to bring recordkeeping and investment solutions to small- and mid-sized companies. He also spent time as an investment analyst in Vanguard Portfolio Review Department and as a financial planner working with high-net-worth clients. Mr. Freeman earned a B.S.B.A. from John Carroll University and an M.B.A. from Saint Joseph’s University. He holds FINRA Series 7 and 63 licenses and is a Chartered Financial Analyst® charterholder and Certified Financial Planner™ practitioner.
Ugo Egbunike
Fixed Income Specialist, Jane Street
Ugo Egbunike
Fixed Income Specialist, Jane Street
Ugo Egbunike is a Fixed Income Specialist on Jane Street’s Institutional Sales & Trading team. In this role, Ugo helps lead sales initiatives and partners with institutional clients to provide trading solutions and access to Jane Street’s differentiated liquidity. Previously, Ugo was a high yield cash trader on Jane Street’s fixed income desk where he supported high-yield ETF market making and portfolio trading. Prior to joining Jane Street, he spent 5 years as a Senior Vice President in Credit & ETF Trading at Millennium Advisors where he was an electronic market maker in investment grade corporate bonds in the technology, media, and telecom space, and he helped build out the firm’s ETF trading capabilities. He also spent 4 years at ETF.com as a Senior ETF Research Analyst and Director of Business Development, and earlier he started his career in ETFs as an International ETF market maker at Kellogg Capital. Ugo graduated from Bowdoin College with a B.A. in Economics. He is actively engaged in philanthropic efforts related to affordable housing, including partnerships with Supportive Housing Communities in Charlotte, North Carolina. Despite having lived in the top three U.S. financial capitals of New York City, San Francisco, and Charlotte, he still calls Houston, Texas home.