Asset managers turn to once-forgotten backwater to drive industry growth
Actively managed exchange traded funds are poised to hit $1tn in assets, cementing a dramatic transformation from a forgotten backwater to a key driver of global industry growth. The vehicles, which offer a cheaper rival to mutual funds that try to outperform indices, reached $974bn in assets as of the end of July, data from consultancy ETFGI showed.
These industry heavyweights have large sales and marketing teams to help secure distribution deals via investment platforms. Fuhr said regulation remained key to how fast active ETFs will continue to grow. A wave of fund groups have applied to the US Securities and Exchange Commission for permission to copy the ETF as a share class structure that helped propel Vanguard’s rapid expansion, the patent for which has now expired.
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