ETF debuts surge as actively managed offerings gain traction

Quick Summary:

Research from London consultancy ETFGI released Monday found actively managed ETF assets globally reached about $889bn at the end of May, eclipsing April’s record of $840bn.

There were 155 active and passive ETFs combined at the same time in 2023.

Those launches follow a pair of new active ETFs earlier this month from BlackRock.

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Article Details

Author / Journalist: Will Schmitt

Category: MarketsFinanceInvesting

Markets: United States

Topics: Capital Financial Including Mutual 2024 Morningstar Active Market According Etfs Funds

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-27 @ 09:00:40 (4 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 483 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 21400740

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