The Rise of Active ETFs

Use of Robo Advisors has tripled in the last year, from 10% to 29%. I think that's what's really driving that is more of maybe the younger investors that are coming in looking for advice. The number of active ETFs that came out last year increased by 30% of just new products come into market. And so these mutual fund managers, they see the outflows into the mutual funds and they know they need to have anETF to be competitive for a certain type of investor type which is growing.

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