Inflows into exchange-traded funds have been strong in 2025, despite shifting tariffs and challenges from monetary policy and other macro and geopolitical issues. ETFs continue to be an attractive market for all kinds of investors. Assets under management grew over the first nine months of 2025, driven by performance in underlying markets and net inflows. This drove all asset types to new all-time AUM highs at the end of Q3 2025.
The evolution of ETFs to include active funds and now dual-share class fund offerings point to ongoing changes.
The data below show the strength of the structure and provide areas of consideration for allocators seeking flexibility and opportunities.
Active ETFs Continue to Take Market Share
Active US ETF flows steadily increasing
Source: ISS Market Intelligence, MarketPulse, Powered by Simfund
Growth of Active ETFs by Broad Asset Class
Market Presence Alone Does Not Equal Scale
Top 10 Active ETF Issuers
Source: ISS Market Intelligence, MarketPulse, Powered by Simfund
Growth of Fixed Income ETFs
Source: ISS Market Intelligence, MarketPulse, Powered by Simfund
Growth of Equity ETFs
Source: ISS Market Intelligence, MarketPulse, Powered by Simfund
