Reported 11 months ago
Capital Group has launched seven new active exchange-traded funds to expand its ETF line-up to 21 products, aiming to fill gaps in core strategies for financial advisors to construct complete portfolios. With U.S. ETF assets reaching a record $9 trillion in May, Citigroup predicts a potential shift of $6 trillion to $10 trillion from mutual funds to ETFs over the next few years. Capital Group's existing 14 actively managed ETFs have amassed $29 billion in assets, holding a 4% share in the active ETF market, focusing on equity and fixed income funds designed to capture emerging market revenues and sustainable dividends, respectively.
Source: YAHOO