Eric Balchunas
@EricBalchunas
Senior ETF Analyst for @Bloomberg. Dad. Rutgers grad. Gen X-er. Author of "The Institutional ETF Toolbox" & "The Bogle Effect.” Co-host of Trillions & ETF IQ.
加入 May 2010
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Active ETFs at BlackRock, T. Rowe, Franklin, AB and Invesco make up 1-2% of their aum but generated 10-15% of firmwide 1H net flows = why legacy active tripping over themselves to launch and market ETFs.
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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
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