由于收费降低和税收效率提高,投资者正在将资金从积极管理的互助基金转移到经营信托基金。 Investors are shifting funds from actively managed mutual funds to ETFs due to lower fees and better tax efficiency.

投资者越来越多地将资金转入积极管理的外汇交易基金,同时由于费用降低和外汇交易基金提供的税收效率提高,将资金从积极管理的互助基金中提取出来。 Investors are increasingly moving money into actively managed exchange-traded funds (ETFs) while pulling funds out of actively managed mutual funds due to lower fees and better tax efficiency offered by ETFs. 2019年至2023年,活跃的ETF资金出现了正流入,2024年又进入正流入年。 Active ETFs saw positive inflows from 2019 to 2023 and are on track for another positive year in 2024. 与此相反,活跃的互助基金出现外流,在2024年头10个月损失了3 440亿美元。 In contrast, active mutual funds have experienced outflows, losing $344 billion in the first 10 months of 2024. 这一转变的驱动因素是ETF的成本优势,它也得益于2019年的规则改变,允许更多的共同基金转换成ETF。 This shift is driven by the cost advantages of ETFs, which also benefit from a rule change in 2019 that allowed more mutual funds to convert into ETFs.