Bloomberg
Cathie Wood Inspires Boom in New Funds That Upend ETF Order
(Bloomberg) — Not so long ago, actively managed ETFs were rare. Now they’re being created at twice the rate of their passive rivals.Inspired by the success of Cathie Wood’s ARK Innovation ETF (ticker ARKK), exchange-traded fund issuers have this year launched 115 active products versus just 51 passive funds, according to data compiled by Bloomberg.That’s the first time active launches have ever outstripped passive,…
Source link
