Actively managed ETFs took in nearly $500 billion in 2025, indicating growing confidence in active strategies in the ETF wrapper. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, and co-host Athanasios Psarofagis, a BI ETF analyst, speak with Todd Rosenbluth, head of research at TMX VettaFi, about the growth of active ETFs, the impact of market conditions, the role of brand and the challenges of overcrowding in the space. They also discussed the implications of share-class conversions, how advisers are using active ETFs, what will determine the success of new products and why some active strategies are better left in mutual funds. The podcast was recorded on Jan. 7.

<p>Actively managed ETFs took in nearly $500 billion in 2025, indicating growing confidence in active strategies in the ETF wrapper. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, and co-host Athanasios Psarofagis, a BI ETF analyst, speak with Todd Rosenbluth, head of research at TMX VettaFi, about the growth of active ETFs, the impact of market conditions, the role of brand and the challenges of overcrowding in the space. They also discussed the implications of share-class conversions, how advisers are using active ETFs, what will determine the success of new products and why some active strategies are better left in mutual funds. The podcast was recorded on Jan. 7.</p>

Reports of active management's demise have been greatly exaggerated. Active continues to grow and evolve in ETFs while mutual funds prosper and define benefit plans. Bloomberg Intelligence strategy team uncover active opportunities and gleam insights from active managers and those who cover the industry.

<p>Reports of active management's demise have been greatly exaggerated. Active continues to grow and evolve in ETFs while mutual funds prosper and define benefit plans. Bloomberg Intelligence strategy team uncover active opportunities and gleam insights from active managers and those who cover the industry.</p>

Inside Active by Bloomberg Intelligence

VettaFi’s Todd Rosenbluth on Active ETFs in 2026

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a0394a63-7541-48c1-8159-b3d90168cdcc/transcript