“They need every basis point they can get,” Scott Burns, director of fund research for North America at Morningstar, said in the article.
A number of large mutual fund providers are already looking at the actively managed ETF space, like Franklin Resources, T. Rowe Price and Fidelity Investments have filed with the SEC to launch active ETFs. [Fidelity Cleared to Launch Active ETFs: Report]
For more information on active ETFs, visit our actively managed ETFs category.
Max Chen contributed to this article.