May 28, 2026
From left to right: Piera Elisa Grassi (JPMorgan), Tom Stephens (Schroders), Gilles Dauphiné (Amundi) and Michael Mohr (Xtrackers/DWS).
For years, European investors treated ETFs as passive building blocks and mutual funds as the natural home for active management. But as active ETFs gain ground, that distinction is becoming harder to sustain.
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