The survey highlights 73% of owners funding exchange-traded fund (ETF) positions from active mutual funds, even as eight in 10 managers brace for product cannibalisation.

Confidence in the expansion of Europe’s ETF industry is near universal, but future growth will move decisively beyond low-cost passive index tracking into active strategies, digital platforms and tokenised securities, according to an industry survey published recently by Funds Europe in partnership with Caceis Investor Services titled ‘Exchange-Traded Funds: The next stage of growth.’ European ETF expansion was driven by several structural factors Based on an online survey