GME - 2024 Sees Record Number Of New ETFs Driven By Active Fund Managers: Report | Benzinga
The year 2024 has reportedly witnessed a record-breaking number of new exchange-traded funds (ETFs) entering the market, largely driven by active fund managers.
What Happened: According to Morningstar, 236 ETFs have been launched this year, including 166 actively managed ETFs. This is a significant increase compared to the total of 155 active and passive ETFs launched during the same period in 2023, the Financial Times reported on Thursday.
The new generation of active ETFs offers a range of features, such as additional income, double exposure to specific stocks, or guaranteed protection against losses, attracting substantial interest and investment.
Capital Group recently announced the addition of seven new active ETFs to its portfolio of 21 securities, which have a market capitalization of $29 billion, representing about 4% of the active ETF market.
Earlier this month, BlackRock, a $10 trillion asset ...