Investment: Boom without end? Retirement savings depot likely to drive demand for active ETFs
In Germany, available active ETFs manage 119 billion euros. The assets have almost doubled in twelve months. Providers are now betting on the reform of private old-age provision.
Pictet, a wealth management company, has started offering exchange-traded funds (ETFs) in Europe, which use artificial intelligence to select stocks and deviate from a benchmark index. This is not unique, as other companies such as Allianz Global Investors, BIT Capital, and Alliance Bernstein have also launched similar products this year.
The European ETF market for actively managed funds is growing rapidly, with assets under management increasing to €119 billion in August, nearly double the amount from the previous year. The introduction of the "Altersvorsorgedepot" (a type of retirement savings account) is expected to further boost the growth of active ETFs, with some providers, such as Fidelity International and Union Investment, planning to use them in their standard portfolios.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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