Core Insights - Warren E. Buffett announced plans to step down as CEO of Berkshire Hathaway Inc. at the end of the year, with Greg Abel set to take over as the next leader [1][2] - Buffett will remain as chairman and plans to accelerate charitable donations to his children's foundations, converting 1,800 A shares into 2.7 million B shares valued at over $1.34 billion [2][4] - Berkshire Hathaway Class B shares experienced a 0.4% decline following the announcement, closing at $496.98 [2] Leadership Transition - Greg Abel, currently vice chairman of non-insurance operations, is described by Buffett as a "great manager" and has the full support of Buffett's family and Berkshire directors [3] - Buffett intends to retain a significant amount of 'A' shares until shareholders are comfortable with Abel's leadership [4] Investment Opportunities - Investors looking for exposure to Berkshire Hathaway under Abel's leadership can consider three distinct ETF options, each offering different strategies [5] - The iShares U.S. Financial Services ETF (IYG) has Berkshire Hathaway Class B as its largest holding at 13.3%, with $1.92 billion in assets and a 0.38% expense ratio [6] - The Direxion Daily BRKB Bull 2X Shares (BRKU) aims to deliver twice the daily price return of Berkshire Hathaway stock, managing $86.1 million with a 0.97% expense ratio [7] - The Roundhill BRKB WeeklyPay ETF (BRKW) provides 1.2x leveraged exposure to Berkshire's weekly price performance, managing $50.9 million with a 0.99% expense ratio [8] Market Performance - The IYG ETF posted a year-to-date gain of 15.3% with inflows of $110.8 million [7] - The BRKU fund generated an 8.8% return over one week and 10.4% over three months, with year-to-date inflows of $84.7 million [8] - The BRKW fund achieved a 5.1% return over one week and 7.1% over three months, with four-week inflows totaling $24.3 million [9]
Buffett Steps Down: Berkshire Hathaway ETFs to Watch