There is definitely a link between the Covid 19 crisis and the increase of active ETF flows. The recent crisis has reminded investors of the benefits of active management in a different economic backdrop. Flows toward active funds have increased in 2020 and at the beginning of 2021 (see my previous news on the topic). And we can clearly see a renewed interest in active management, especially if proposed at an attractive cost.

According to me, investor willingness to embrace the new fund structure of active ETF, indicates that active management is evolving and that appetite for non-strategies remains strong. I am convinced that both investment styles have a role to play in investor portfolios.