The inflow of funds has accelerated, and the global ETF scale has exceeded 15 trillion US dollars. Active and leveraged ETFs have become new favorites.

Global ETF assets soared, and asset management companies applied to add ETF products to existing mutual funds.

On December 12th, local time, the Financial Times reported that the assets of global ETFs have soared to $15 trillion. In this wave of capital inflows, the United States is at the center, attracting more than $1 trillion, because traders bet that Wall Street stocks will rebound strongly.

According to the data of research institute ETFGI, this growth is mainly due to the large-scale transfer of investors from mutual funds to ETFs. This year, investors have invested $1.7 trillion in ETFs, making the total assets of the industry increase by 30% compared with 2023. In the past three years, mutual funds have lost about $2 trillion in assets.

At present, BlackRock, Vanguard and State Street are three giant ETF providers, managing large ETFs that track the S&P 500 index. In addition to tracking index ETFs, leveraged ETFs have also ushered in a large inflow of funds, because it allows traders to double their bets on Tesla stocks, chip stocks and bitcoin.

Active ETFs and ETFs focusing on government and corporate debt are also popular. According to the analysis, investors not only "passively" track the index, but also use EFT to expand a wider range of strategies.

Daniil Shapiro, director of product development practice of consulting firm Cerulli Associates, said that ETF has the characteristics of low cost, strong innovation and excellent fit in various portfolios:

"ETF structure is becoming the' universal structure' of the investment management industry."

However, American mutual funds are still much larger than ETFs, with total assets under management of $21.6 trillion-after all, mutual funds are widely used in retirement accounts.

Shelly Antoniewicz, chief economist of the Association of Investment Companies, predicts that asset management companies will turn to a new balance:

"They give the final choice to investors and let them decide which (mutual fund or ETF) is more attractive to them and which is more in line with their needs."

At present, more than 30 asset management companies have submitted applications to regulators to add ETFs to existing mutual funds. Due to Trump's previous commitment to reduce supervision, the market is currently optimistic about this application. Shapiro said:

"The industry is extremely optimistic that these products will be relaxed in the coming year."

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