All rise for the active ETF

This week’s ETF coverage was all about the active ETF. The rise of the active ETF, if you will forgive the pun, as news came that that most active of ETF firms ARK Invest has bought European thematic firm Rize ETF from AssetCo, and will be moving into Europe. Tucked into the small print is this: “As part of this agreement, ARK and AssetCo will partner to support the launch, on the newly established ARK Invest Europe platform, of several ETF products for the River and Mercantile business, AssetCo’s active equity asset management subsidiary.”

HANetf’s Hector McNeil commented: “The major shock of this is that we are seeing the entrance of the first pure, superstar active ETF manager from the US, where there has been explosive growth in actively managed ETFs. While active ETFs still account for less than 6 per cent of the US ETF market, they managed to garner 22 per cent of total net flows in the first six months of 2023, according to data from Morningstar Direct. At the same time, almost 70 per cent of ETFs launched in the first half of 2023 in the US were active.

Staying active, we featured the launch of Man Group’s AHL first ETF with American Beacon Advisers a few weeks ago but this week we brought you an interview with Jeff Ringdahl, President and CEO of American Beacon Advisors and Resolute Investment Managers, (which also has a relationship with ARK Invest) discussing their move into ETFs.

“Cathie [Cathie Wood, ARK’s founder and CIO] is a trail blazer and put actively managed ETFs on the radar and others are now comfortable with it,” Ringdahl says. “Money gravitates to the thing that is the most client friendly and investment managers have had to become more comfortable with the structure that has full transparency.”

Those clever people at Cerulli Associate have been at it again, with new research showing that, in Europe, only 17 per cent of the fund selectors and intermediaries report active ETFs are among the types of ETF they use most today, but 24 per cent are looking to use them more in the near future. “The European ETF market has seen many new product launches, fostered by strong product development and marketing efforts,” says Fabrizio Zumbo, director of Cerulli’s European retail and wholesale asset management research. “We are seeing a higher level of specialisation in the vehicles available to European investors, who are increasingly familiar and comfortable with the ETF vehicle. Even so, the majority of assets are still allocated to passive ETF products.”

Beverly Chandler, Managing Editor

For live updates please follow us on Twitter and LinkedIn.


Despite a small contraction in assets caused by a complex market and macroeconomic scenario in Europe and at the global level last year, ETF products continue to gather net-new money from investors, according to Cerulli Associates’ latest report, European Passive Investments 2023: An Increasingly Diverse Marketplace. 
Europe’s thematic ETF provider, Rize ETF, has been acquired by ARK Invest LLC, the parent of ARK Investment Management LLC, the investment manager led by CEO Cathie Wood
End of August saw the launch of alternatives firm Man Group’s first ETF, using its AHL systematic trading system to launch AHLT – American Beacon AHL Trend ETF – with Resolute Investment Managers’ USD63 billion manager of managers American Beacon Advisors.

Global ETF launches

Global Launches sponsored by STOXX
This week saw no non-North American ETF launches but take a look at what happened in the US, where there were 18 launches, using the link below.

US ETF launches

US Launches sponsored by STOXX
There were 18 new ETF offerings launched this week, each with a distinct value proposition for investors.  Detailed below are the respective launches from each asset manager.


Canada Launches sponsored by STOXX
A summary of the Canadian ETF launches that occurred in August 2023.
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by