Actively Managed ETFs: Big Bang or Misfire?

By Jerry Moskowitz, president, FTSE Americas

Exchange-traded funds (ETFs) have enjoyed a meteoric rise in popularity over the past 15 years. Since the launch of the first ETF in 1993, institutional and retail investors alike have allocated over $796.6 billion to these funds, which passively track market indexes and trade on exchanges like stocks, and-because they trade like stocks-can be bought or sold at any time during the trading day.

Until now, ETFs have tracked a wide variety of indexes

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