Assets invested globally in actively managed exchange-traded funds and exchange-traded products set a record of US$40 billion as of the end of the third quarter, according to industry research firm ETFGI.
The U.S. led the way with $27.5 billion invested in active ETFs and ETPs, which also set a record. All-time highs were also reached in Canada ($4.8 billion) and in Asia Pacific ex-Japan ($1.9 billion).
ETFGI says that as of the third quarter there were 293 active ETFs/ETPs globally from 56 providers in 14 countries.
Pimco is the largest provider of active products in the space with $8.07 billion, for a 20 percent market share, followed by London-based Source ($5.49 billion and 13.6 percent market share) and First Trust ($5.44 billion and 13.5 percent market share).
Despite the growth of assets under management in active products, total AUM in this realm pales next to passively managed ETFs/ETPs. As such, only nine out of the 293 active ETFs/ETPs have more than $1 billion in assets.