08.12.23

Index-Tracking ETFs Were All the Rage, Until Now

by: Jack Pitcher

The BIG Three passive exchange-traded fund (ETF) providers—BlackRock, Vanguard and State Street—are losing ground to newer players offering actively managed products. Active funds have drawn 23% of total ETF inflows this year, despite holding just 4% of the industry’s assets in January, according to Bloomberg Intelligence. “For the first time, that group of leaders may be shaken up a little bit,” said Aniket Ullal, head of ETF data and analytics at CFRA Research. “You’re seeing players that are newer to the ETF space slowly now challenging to be in the top three or four in terms of flows. That’s a major change in the industry.”

Read the full article on Wall Street Journal