'This could be the year' for active management, says NYSE head of exchange-traded products (via ETFEdgeCNBC)
Douglas Yones, head of exchange-traded products at the New York Stock Exchange, says 2020 could be a breakout year for actively managed funds as investors seek out more targeted strategies.
"We're really engaged now with a lot of conversation about bringing those products to market," he said. This year's market has been "very active" on the ETF front in general, Yones said. Year to date, net cash flows for ETFs are near $188 billion, 87 new products have launched and new issuers including BNY Mellon and Allianz have made moves to enter the space, he said.
on U.S. equities, options and ETFs late last year in an effort to keep their customer bases and continue to scale.
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