Reported about 1 month ago
Merrill Lynch is set to triple its active ETF offerings from 100 to 300 over the next three to five years, in response to increasing demand for these investment products. This follows a record year for ETF launches, with 1,063 new ETFs introduced in the first seven months of 2024 alone. The firm aims to select ETFs based on performance and size while expanding its offerings, including creating ETF versions of existing mutual funds. This move aligns with industry trends, as active ETFs have seen significant growth in assets under management.
Source: YAHOO