The massive category of ETFs is snowballing, as firms seek approval for more leveraged funds, including some focused on pre-IPO companies.
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Three firms recently filed very similar prospectuses for ETFs that would rival prediction markets and bet on elections.
Despite active ETFs having a shorter shelf life compared with passive funds, asset managers aren’t expected to slow down anytime soon.
Asset managers said active strategies are among their top choices for new products, per Morningstar.
In the ever-expanding universe of ETFs, finding new products that stick is more of an art than a science, the CEO of GraniteShares says.