00:00Are you ready to be tormented?
00:01No.
00:02Okay.
00:03I like during that tease, like you got a sneak peek and both of you admitted that you didn't know
00:07the answer.
00:08It doesn't feel good.
00:09What is the average expense ratio in basis points for a thematic ETF?
00:14Is it A, 30, B, 40, C, 50, or D, 60?
00:20Katie?
00:21I'm going to say 40.
00:22Just throw it out there.
00:23Yeah, why not?
00:23We're kind of in the middle.
00:24Yeah.
00:25I'm going to go 50.
00:2650.
00:28Oh.
00:28It is D, 60.
00:31Oh, brutal.
00:31That's really high.
00:32It is high.
00:33Make your money.
00:33All right.
00:34That's why they launched so many of them.
00:35That makes sense.
00:36Okay, so speaking of which.
00:37It's a Vanguard-free zone.
00:38I like this idea of like thematic, so I'm going to give you a tease.
00:41This is a thematic-themed ETF IQ quiz.
00:45Oh.
00:45Next question.
00:46Which issuer ranks number two in thematic ETF assets under management after BlackRock?
00:53A, Marais.
00:54B, State Street.
00:56C, VanEck.
00:57D, First Trust.
00:58Oh, my God.
00:59I'm going to say VanEck.
01:01Why not?
01:01Okay.
01:02I want to say Marais, which is Global X, but First Trust is, it could be First Trust, but
01:08I got to go Global X.
01:10It should be Global X.
01:11Okay.
01:11He saved himself there.
01:12It is A.
01:13Yeah.
01:14Okay.
01:15Okay.
01:15Number three.
01:16I have to get this right.
01:17I can't do this.
01:18It's a rough day.
01:19Happy Monday.
01:19It doesn't feel good.
01:20Which thematic ETF has attracted the largest inflows so far this year?
01:24Is it A, Pave?
01:26B, Shield?
01:27C, Bay?
01:29Or D, Grid?
01:30B, Grid.
01:32Eric, why don't you go first?
01:34Okay.
01:34Well, I know this.
01:35I think.
01:36I'm 85% that it's Grid, D.
01:39Okay.
01:40Katie?
01:40Yeah.
01:41I feel like I can't do what Eric did, so I'm going to say B.
01:44Okay.
01:44Why don't you feel like you can do what he did?
01:46Because, you know, then I'm just blatantly copying him, which, you know, I'd be comfortable
01:51with.
01:51In this case, you're down O2.
01:52Like, you know.
01:54You know, it's okay.
01:55I'll take the goose egg.
01:56I'm going to say B.
01:57Okay.
01:57It is D.
01:58Yeah, all right.
01:58You got that one right.
02:00All right.
02:00All right.
02:01Well, there you go.
02:01That was a fun little round.
02:03Sorry.
02:03I'm really sorry for you, Katie.
02:05If you like playing games, you can obviously play Quiz Go on the terminal where you can get some
02:10more quizzes or Bloomberg.com slash pointed where we have another news quiz where you
02:15can play with some weightings, leverages, and have some more fun.
02:17And it is a lot of fun, and it is fun to incorporate leverage as well.
02:22Joel Weber, thank you so much.
02:24He, of course, is our head of games over at Bloomberg.
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