In a move reflecting the increasing potential of the active ETF sector, JPMorgan Asset Management and Ark Invest are set to expand their European operations. Amid a risk-off environment, both firms intend to enlarge their European footprint, with strategies focused on active ETF portfolios.
Travis Spence's JPMorgan Asset Management has recorded $3.2 billion net inflows this year, managing a total of $10 billion. The firm is gearing up for significant growth in the active ETF sector, a sentiment echoed by other market players such as Pimco.
Meanwhile, Ark Invest is plotting its European market penetration through the acquisition of Rize ETF. This strategic move signifies the firm's commitment to expanding its global presence and capitalizing on the growing demand for active ETFs in European markets.
The expansion plans of these asset management giants underscore the burgeoning potential of the active ETF sector in Europe, even amidst a risk-off environment. Their moves are likely to shape the landscape of the European ETF market in the coming months and years.
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