Photographer: Michael Nagle/Bloomberg

Odd Lots: ETFs Are Eating the Financial World and They're Not Done Yet

Still growing.

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Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance and economics.

By now, almost everyone in financial markets is familiar with exchange-traded funds, or ETFs, and how they allow investors to move quickly in and out of a basket of stocks with a few clicks. But perhaps people don't realize quite how revolutionary they are, and how much of an impact they've had on the financial system.

On this week's episode we talk to Eric Balchunas, an ETFs analyst at Bloomberg Intelligence and Joel Weber, the editor-in-chief of Bloomberg Markets magazine about how extraordinary ETFs are, how far they've come, and how they're about to evolve and get even more gigantic.


    Before it's here, it's on the Bloomberg Terminal.