US-listed ETFs pulled in a record $1.49 trillion in 2025, the second straight year inflows cleared $1 trillion, and industry assets have since pushed past $15 trillion. Mutual funds spent the same eleven months bleeding $551 billion. The gap in flows between the two — $1.79 trillion in 2025 alone — has nearly doubled from
The Great Fund Wrapper Migration: Why Mutual Funds Are Running Out of Road Read More »
From 2027 onwards, ETF businesses in the UK, EU and Switzerland will be judged less on their product line‑up and more on whether their operating model can actually run at trade‑date speed. The move from T+2 to T+1 sounds like a technical change; in practice it is a hard audit of how quickly you can
T+1 in Europe: The ETF Operating Model Stress Test most Issuers are underestimating Read More »
“Investment firms often fail in enhancing the value of outsourcing by not having a strategy.” Dave Shastri, CEO, TrussEdge Building an investment firm is a challenge: regardless of the where, when and how, the attraction of the private assets industry means founders are faced with significant competition and consequently critical decisions need to be made on
How to reduce the private markets talent gap by leveraging vendor relationships Read More »
One of the main pillars of the ETF story has always been liquidity: intraday trading, tight spreads, and deep secondary‑market pools. But none of that happens automatically. It depends on a relatively small group of firms, market makers and authorized participants, willing to put capital and infrastructure to work every day between issuers and investors.
Market makers and APs: liquidity engines under strain Read More »
If there is one group feeling both urgency and anxiety about ETFs, it is traditional mutual fund firms. As flows continue to bleed from mutual funds into ETFs, conversions and ETF share class experiments have become a survival strategy, not a side project. Over 70 mutual fund‑to‑ETF conversions had taken place by mid‑2024, and the
Mutual funds launching ETFs: Living up to the promise without breaking the machine Read More »
If the UCITS ETF market feels crowded, that’s because it is and is still growing. Assets hit roughly 3.5 trillion dollars in April 2026, tripling in six years and marking the 43rd consecutive month of net inflows. New issuers are piling in: 13 managers launched in Europe in 2025 alone, most of them with actively
New ETF issuers: running before they can walk? Read More »
