Watch Frank Koudelka of State Street Discuss the ETF Inflection Point Senior Executives Still Underestimate on ETF TV

ETF TV, the premier source for insights into the global ETF industry, shares its latest episode featuring Frank Koudelka, Senior Vice President, ETF Product Solutions at State Street, in conversation with Margareta Hricova and Deborah Fuhr.

In one of his final interviews ahead of retirement, Koudelka reflects on the key inflection points that reshaped ETFs—from the shift beyond “passive vs. active” to ETFs’ emergence as core market infrastructure and policy tools. The discussion offers candid insights into what senior executives still underestimate, including the importance of capital markets expertise, distribution opacity, and ETFs’ role in price discovery during periods of market stress.

From regulatory change unlocking active ETFs to governments and central banks using ETFs for market stabilization.

Equally striking is the discussion on what continues to be misunderstood—even by experienced asset managers entering the ETF space. Koudelka highlights two recurring blind spots: Capital markets expertise and distribution opacity.

Unlike mutual funds, ETFs operate simultaneously in primary and secondary markets, making market quality, liquidity management, and data strategy mission‑critical rather than ancillary.

This episode is essential viewing for ETF leaders, board members, and strategists.

This is part one of a two part interview. 🎥Watch at www.ETFtv.net

You can watch this episode and prior episodes at: ETF TV and on YouTube.

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