Neil Sipes(@neil_sipes4):Active ETFs are moving from small AUM franchises to meaningful flow drivers for traditional asset managers, with plenty of runway. BlackRock, T. Rowe, Franklin, AB and Invesco generated 10-15% of firmwide 1H net flows from just 1-2% of AUM. Wealth and model adoption are leading growth, while mutual fund migration expands the opportunity, creating a pocket of organic active growth with fee-rates running around 70-80% of active mutual funds. $BLK $TROW $BEN $AB $IVZ

Neil Sipes

@neil_sipes4

@Bloomberg Intelligence Research | Equity Analyst: Wealth + Asset Managers / Investment Banks. Also golf, NHL, EPL. Views mine.

参加 July 2019

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Neil Sipes@neil_sipes4

2026.09.24 12:32

Active ETFs are moving from small AUM franchises to meaningful flow drivers for traditional asset managers, with plenty of runway. BlackRock, T. Rowe, Franklin, AB and Invesco generated 10-15% of firmwide 1H net flows from just 1-2% of AUM. Wealth and model adoption are leading growth, while mutual fund migration expands the opportunity, creating a pocket of organic active growth with fee-rates running around 70-80% of active mutual funds. $BLK $TROW $BEN $AB $IVZ