A growing and evolving market

Active exchange-traded funds (ETFs) represent one of the most significant innovations in the fund industry in recent years. They aim to combine the flexibility and transparency of passive ETFs with the advantages of active management. This is generally done at a markedly lower cost to investors than other actively managed structures (albeit higher than passive ETFs).

In this note, we explore the current universe of active ETFs listed in Europe, examining the key players and strategies on offer. This ever-growing list provides an array of interesting alternatives to investors looking for potential outperformance through active management.

On 28 November at 11am, QuotedData are hosting a panel discussion – Active ETFs: the present and the future. The panel will be David Ricketts, asset management correspondent at Financial News; Paul Lacroix, head of products at Ossiam, and Michael Mohr, global head of Xtrackers products at DWS. Further details can be found HERE.

A new way of accessing active management

A large majority of ETF funds globally follow a passive mandate. However, each year the proportion of active funds within the ETF universe increases. While the European market is much smaller than the one in the US, the rate of growth is higher, with new entrants continually. Active ETFs offer investors several advantages, trading at or close to par, with a high level of liquidity and transparency and low costs.

The degree of active management varies greatly, from funds with a named manager making proprietary decisions, to rules-based algorithmic funds that aim to provide a marginal outperformance versus an established index.

The current European landscape

Active ETF AUM in the European market was €62.4bn at the beginning of the year

The European active ETF market is experiencing notable growth, albeit from a modest base. As of early 2025, with assets under management (AUM) of c.€62.4bn, the structure accounted for approximately 2.6% of Europe’s €2.4trn ETF market (Source: Morningstar). 7.7% of all European ETF inflows in 2024 were into active structures, up from 4.6% in 2023. Most European active ETFs are domiciled in one of two locations: Dublin or Luxembourg.

Active ETFs have been slower to take hold in Europe compared to the US, which already has a $1trn market. In part, this is due to specific tax advantages that they confer in America that are not replicated in Europe or the UK. However, momentum in Europe is building. The market remains fragmented, but the growing commitment from major asset managers suggests that adoption will continue to accelerate. A number of fund management companies are in the process of launching new active ETFs, or have announced that they will shortly join the market. Nearly all products are Undertakings for Collective Investment in Transferable Securities (UCITS) compliant.

Many of the European active ETFs currently available are sub-scale. This sometimes reflects the fact that they are very new, and, while still small, are being supported by the asset manager. Many individual active ETFs form part of a wider range offered by big investment houses.

For the purposes of this report, any individual fund under $15m is out of scope.

Conversions from investment trusts

MCT recently converted from an investment trust to an active ETF

A potentially important recent development is the conversion of the investment trust Middlefield Canadian Income Trust (MCT) into an actively managed UCITS ETF in October 2025, following pressure from activist investor Saba Capital. The ETF has retained the trust’s investment focus on high-yielding North American large cap companies, with the aim of reducing fees, improving liquidity and closing the persistent discount to NAV. We wrote about the conversion in more detail here.

While this could potentially be the start of a wider trend, adding further credibility to the active ETF market, it is interesting that Smithson Investment Trust is opting to convert into an OEIC rather than an active ETF, despite having a suitably liquid portfolio.

That latter point is important. The majority of investment trusts are taking advantage of the closed end structure to hold relatively illiquid investments, including small caps, private equity, and real assets. These type of investments would be entirely unsuited to an active ETF structure.

Liquidity and trading

Individual active ETFs are often listed on a number of different European exchanges, usually including London. The sector is still building secondary market depth, with many trading in modest volumes relative to passive peers. That said, market makers provide support, and spreads on larger funds remain competitive. Investors seeking to deploy significant allocations may still rely on primary market creations and redemptions.

European active ETFs have been fully transparent, but regulators recently allowed US-style semi-transparent structures

A key distinction of the European market is the predominance of physically-backed structures (as opposed to synthetic ETFs that use derivatives without holding securities) with daily transparency, reflecting investor preference and UCITS rules. “Semi-transparent” or “non-transparent” active ETFs are a US phenomenon, with European versions being fully transparent up to now. However, an interesting recent development has been announcements from both the Irish and Luxembourger regulators that they will allow products that disclose portfolio holdings as infrequently as once a quarter. The hope is that this will attract more US firms that are reluctant to give up the proprietary trading information that they see as giving them an edge.

The performance of most active equity ETFs is usually still measured against an index despite not tracking it.

A more recent development has been the launch of sector/ thematic products, focused on areas such as health care and sustainable energy – some of these are discussed below, and we also explored the topic in more detail in a recent article.

Sustainability

Many active ETFs are particularly focused on sustainable investing

Sustainability has become a defining theme within the European active ETF market. Regulators remain cautious about the ESG credentials of passive funds. In contrast, the discretionary nature of active ETFs allows portfolio managers to go beyond mechanical index screening and engage more deeply with ESG analysis. Many active ETFs in Europe now align with Articles 8 or 9 of the Sustainable Finance Disclosure Regulation (SFDR), reflecting their commitment to promoting environmental or social characteristics, or even targeting sustainable investment objectives outright.

Tracking error

As with their passive cousins, active ETFs exhibit tracking error, typically calculated as the standard deviation of the difference in returns between the ETF and its benchmark over a specific period. Passive ETFs are designed to track an index as precisely as possible, so tracking error is a measure of operational efficiency or structural limitations. In contrast, as active ETFs seek to outperform a benchmark rather than mimic it, they inherently carry a higher tracking error. The tracking error in this context is a by-product of intentional active management, and a higher value is not necessarily negative, as it simply reflects active bets.

Performance

Our research indicates that performance in the sector has been mixed

We have analysed the comparative performance of those active ETFs in scope for this note. We have been able to do so for those funds with a stated benchmark, per Morningstar, for which there are data available (therefore excluding thematic funds). In many cases a direct comparison isn’t possible for one of a number of reasons:

  • The fund is less than one-year old.
  • The fund has no specific benchmark.
  • The fund uses an internal benchmark for which there is no publicly available data.

Nonetheless, we have been able to conduct analysis for 48 funds, roughly half of those in scope. We can report that:

  • Of those funds that have a one-year performance track record, 17 have outperformed their stated benchmark, while 31 have underperformed.
  • Of those funds that have a two-year performance track record, 11 have outperformed their stated benchmark, while 23 have underperformed.
  • Of those funds that have a three-year performance track record, 15 have outperformed their stated benchmark, while 16 have underperformed.
  • Of those funds that have a five-year performance track record, 12 have outperformed their stated benchmark, while 10 have underperformed.

(All data to 14 August 2025)

Further:

  • Over one year, for those funds that have outperformed their benchmark, the range by which they have done so is 0.03% to 73.4%, while for the underperformers the range is -0.01% to -19.7%. The overall average distance from the benchmark is +0.9%.
  • Over two years the outperformance range is an annualised 0.31% to 6.93% and for underperformers is -0.04% to -8.14%. The average distance from the benchmark is -0.01%.
  • Over three years the range for the outperformers is an annualised 0.01% to 7.83%, and for underperformers is -0.1% to -5.2%. The average distance from the benchmark is -0.3%.
  • Over five years the outperformance range is an annualised 0.05% to 6.74%, the underperformer range is -0.14% to -0.9% and the average distance from the benchmark is +0.4%.

(All data to 14 August 2025)

At first sight, this performance picture is disappointing, particularly over the shorter term. Over one year there are many more underperformers than outperformers, though this has been during a particularly unusual market backdrop, notably in relation to Donald Trump’s “Liberation Day” tariffs in April. The two big positive outliers over one year are both managed by ARK, and are focused on artificial intelligence & robotics and wider innovation, so clearly have had a significant market tailwind.

The picture is somewhat healthier for longer term performance. This could potentially be due to “survivor bias”, although it seems unlikely as there have been no widespread closures of active ETFs in Europe, given the sector is in a significant growth phase. For funds over three years old, around half outperform, and a majority do for those that have been around for five years. This better long-term performance is more encouraging.

It is important to also recognise the data limitations at this stage of the product’s evolution. With new funds being launched all the time, track records will build up and in some cases underperformers will exit. We can therefore cautiously expect performance to improve over time.

Particularly noteworthy performance for individual providers and funds is discussed in more detail in the following section.

The current market leaders

JP Morgan dominates the European active ETF market

The European market is dominated by JP Morgan, which has an estimated AUM of $40bn and a market share of well over half of all active ETF assets. Aside from JP Morgan, the largest providers, categorised as having an estimated AUM of $250m or above, are:

  • Fidelity (estimated AUM $6bn)
  • PIMCO ($4.3bn)
  • iShares ($2.4bn)
  • HSBC ($1.9bn)
  • BNP Paribas (€1.6bn)
  • Vanguard (€1.6bn)
  • Invesco ($1.5bn)
  • AXA ($1.5bn)
  • Amundi ($1.2bn) – aimed specifically at French investors so out of scope
  • Franklin Templeton (€1bn)
  • ARK Invest ($800m)
  • Avantis ($735m)
  • Fineco (€260m)
  • Robeco ($260m)
  • Janus Henderson (£250m)

NB: despite this report being on the European ETF market, many asset managers report in USD as the standardised currency.

Looking at some of these in more detail:

JP Morgan (estimated AUM $40bn)

JP Morgan’s core offering is its “Research Enhanced Index Equity” range of funds. There are six large funds, two of which tower over anything else in the sector in terms of size:

  • US ($12.2bn)
  • Global ($10.1bn)
  • Europe (€2.8bn)
  • Global Emerging Markets ($1.6bn)
  • Japan ($521m)
  • Eurozone (€480m)

All aim to generate positive alpha from security selection while maintaining neutral sector positioning and a low tracking error approach. Therefore, they still provide a return close to their respective benchmarks.

Next, the company offers a series of sustainable equity funds, all of which are again badged “Global Research Index Equity” but which are also Socially Responsible Investing (SRI) Paris Aligned:

  • Global Equity SRI Paris Aligned ($480m)
  • US Equity SRI Paris Aligned ($650m)
  • Global Emerging Markets SRI Paris Aligned ($107m)

All these ETFs combine Socially Responsible Investing principles with alignment to the Paris Agreement climate goals.

Separately, there is the standalone $1.8bn Nasdaq Equity Premium Income ETF, launched at the end of 2024, and the £362m UK Equity Core ETF that aims to beat the FTSE All-Share Index.

Finally for equities are the $1.2bn Global Equity Premium Income, $291m US Growth Equity and $167m US Equity Premium Income funds.

There are a series of fixed income active ETFs, the biggest of which are:

  • Active Bond ($2.4bn)
  • Euro Investment Grade Corporate Bond (€463m)
  • Global Aggregate Bond ($288m)
  • USD High Yield Bond ($249m)
  • Global High Yield Corporate Bond ($200m)
  • Euro 1-5yr Investment Grade Corporate Bond (€110m)

The company also offers Ultra-Short Income ETFs that are effectively cash substitutes through investing in short-dated bonds in euros (€1.4bn), dollars ($630m) and sterling (£227m).

Such is the range of funds offered by JP Morgan, there are several that are below $100m and have not been included in the lists above.

Fidelity (estimated AUM $6bn)

Fidelity offers six active ETFs under its “Fidelity Sustainable Research Enhanced Equity” banner:

  • Emerging Markets (£1.9bn)
  • US ($805m)
  • Pacific ex-Japan ($428m)
  • Japan (£176m)
  • Europe (€113m)
  • Global ($98m)

All six use a quantitative approach to deliver a portfolio of investments focused on the highest conviction stock recommendations identified by Fidelity’s research analysts. In reality, performance tends to match the relevant MSCI benchmark fairly closely. The company emphasises that sustainability assessments are a key component of its analysis across the range.

Fidelity also offers a range of “Research Enhanced PAB” bond active ETFs. PAB is “Paris-Aligned Benchmarks”, specifically a set of criteria designed to align investment portfolios with the goals of the Paris Agreement on climate change:

  • Corporate Bond ($1.46bn)
  • High Yield Corporate Bond ($914m)
  • European Corporate Bond (€293m)
  • European High Yield Corporate Bond (€64m)

PIMCO (estimated AUM $4.3bn)

The fixed interest specialist runs some of the largest active ETFs on the market. Its biggest is the $2.3bn US Dollar Short Maturity ETF, which is effectively a cash substitute, given its overall effective duration of 0.14 years. There is little exposure to interest rate risk, through investing in very short-dated US bonds. PIMCO’s $1.7bn Euro Short Maturity ETF and £84m Sterling Short Maturity ETF do the same through euro and sterling denominated assets, respectively.

The €103m Euro Low Duration Corporate Bond ETF and $95m US Low Duration Corporate Bond ETF are further up the risk curve but still have short 3.4 years and 3.2 years overall duration, respectively. The smaller $32m Covered Bond ETF invests at least 80% of assets in covered bonds, namely securities backed by the “cover pool” on a financial institution’s balance sheet.

iShares (by BlackRock) (estimated AUM $2.4bn)

As would be expected from the largest global ETF provider, iShares has a significant presence in the European active market. It has five equity and two bond funds under its “Enhanced Active” label:

  • World Equity ($451m)
  • US Equity ($810m)
  • Emerging Markets Equity ($346m)
  • Europe Equity (€237m)
  • Asia ex Japan Equity ($15m)
  • Euro Corporate Bond ($57m)
  • Dollar Corporate Bond ($52m)

These ETFs are managed by BlackRock’s Systematic Investment Team, which employs quantitative models to make investment decisions. The approach focuses on selecting securities based on factors such as value, quality, momentum and low volatility. Interestingly, BlackRock is now also using this approach in the management of an investment trust – BlackRock American Income.

Each equity ETF invests at least 70% of its assets in equities from its specified region or market. The remaining assets can be allocated to other instruments, including fixed-income securities and money market instruments. The investment process incorporates sustainability criteria, aiming to maintain a certain percentage of assets in sustainable investments.

Other funds are the $96m World Equity High Income ETF, $88m Flexible Income Bond ETF, $82m World Equity Factor Rotation ETF, $75m Growth Portfolio ETF, $44m Moderate Portfolio ETF, $36m AI Innovation ETF, $34m US Equity High Income ETF and $16m Conservative AI Innovation ETF.

HSBC (estimated AUM $1.9bn)

HSBC’s offers the $867m Multi Factor Worldwide Equity ETF. The investment manager identifies stocks from the MSCI All Country World Index and ranks them from the least attractive to most attractive based upon certain factors such as value, quality, momentum, risk and size. The shares will then be quantitatively selected to create a portfolio which maximises exposure to the highest ranked stocks whilst minimising the fund’s risk characteristics through the application of a series of constraints such as sector and company weights. The fund has a five-year track record, and has comfortably outperformed the benchmark MSCI ACWI Index.

HSBC recently announced the launch of the HSBC PLUS Active ETF range. These follow a quantitative driven investment approach, focused on five equity strategies: world ($691m), world income ($143m), US ($86m), emerging markets ($79m) and emerging markets income ($69m).

Vanguard (estimated AUM €1.6bn)

Vanguard is the second biggest global ETF provider, which includes a presence in the European active market. Its largest fund is the €745m LifeStrategy 80% Equity ETF, which invests in a pre-determined asset allocation to equity (80%) and fixed income (20%) assets using collective investment schemes. Within these parameters the fund manager has discretion. The €584m LifeStrategy 60% Equity ETF, €187m LifeStrategy 40% Equity ETF and €85m 20% Life Strategy Equity ETF do the same, but with self-explanatory different allocations.

Invesco (estimated AUM $1.5bn)

Invesco’s offering is dominated by its $1.2bn Global Active ESG Equity ETF. This invests in an actively managed portfolio of global equities that meet a defined set of ESG criteria. Eligible stocks are screened for compliance with these criteria and then scored based on their attractiveness with respect to value, quality and momentum. Fund holdings are rebalanced monthly using mathematical, logical and statistical techniques. The fund has a five-year track record and has outperformed the benchmark MSCI World Index.

The $71m Global Active Defensive ESG Equity ETF follows a similar process with a focus on low volatility holdings, while the $143m Global Enhanced Equity ETF does the same but without the ESG overlay.

Invesco also offers fixed interest active ETFs: the €71m Euro Corporate Bond Short Duration, the €71m Euro AAA CLO, the $65m USD AAA CLO, the €27m Euro Corporate Bond and the €19m Euro Government.

BNP Paribas (estimated AUM €1.6bn)

By far BNP’s largest active ETF is its €1.1bn Easy Enhanced World offering. This provides exposure to developed market global equities from the MSCI World Index universe while integrating ESG criteria into its investment process. Its other funds sit alongside the global fund, employing a similar approach with a different geographic or asset focus: €313m Easy Enhanced Japan, €129m Easy Enhanced Europe Corporate Bond and €113m Easy Enhanced Europe.

AXA (estimated AUM $1.5bn)

The two largest active ETFs offered by AXA fit into the sustainability theme: $524m Climate Equity and $468m Biodiversity Equity, both global equity funds and both launched in 2022. As the names suggest, both fit strongly into the theme of active ETFs being at the forefront of sustainable investing.

The next largest is the €288m Euro Credit PAB ETF, focused on European corporate bonds. The Paris Aligned Benchmark marker again signifies the ethical bent of the fund. This also applies to the $115m USD Credit PAB, invested in USD corporate bonds. Away from specifically sustainable investing, AXA also runs the $47m US High Yield Opportunities and $43m Global High Yield Opportunities ETFs.

Franklin Templeton (estimated AUM €1bn)

Franklin Templeton offers a range of fixed income active ETFs. Its largest is the very low risk/ cash substitute €618m Euro Short Maturity ETF.

Franklin’s other offerings are:

  • Sustainable Euro Green Bond (€245m)
  • Sustainable Euro Green Sovereign (€67m)
  • Sustainable Euro Green Corporate 1-5 years (€41m)
  • USD Investment Grade Corporate Bond ($20m)

All are managed by Franklin’s internal experts, with the sustainable funds investing mainly in bonds that are labelled green, contributing to an environmental objective of reducing carbon emissions.

ARK Invest (estimated AUM $800m)

ARK runs four active ETFs, all with a focus on technology. The $384m Innovation ETF invests in companies involved in “disruptive innovation”, specifically the development of new products or services. Its technologies include intelligent devices, next generation cloud, autonomous mobility and neural networks. 88% exposure is to the US.

The $378m AI & Robotics ETF invests as the name would suggest, again with a focus on US equities. There is also a much smaller $45m Genomic Revolution product, and the very recently launched Space & Defence Innovation ETF.

Of all the providers covered, the performance of the ARK funds is most striking. There are no longer term data, but over one-year, the two technology funds have outperformed the MSCI World NR Index by 39.7% and 50.6% respectively, while the genomic fund has underperformed the same index by 17.3%. All the funds make very significant sector and stock bets.

Avantis (from American Century Investments) (estimated AUM $735m)

American Century is a significant player in the US ETF market. Its subsidiary Avantis runs two major European active ETFs, the $393m Global Small Cap Value ETF and the $342m Global Equity ETF. Both were launched in late 2024 and seek to outperform by overweighting securities the manager identifies as trading at lower valuations and higher profitability ratios.

More recently Avantis launched its $52m Emerging Markets Equity ETF.

Janus Henderson (estimated AUM £250m)

Janus Henderson offers active ETFs under its wholly owned Tabula subsidiary. Its first European active fixed income ETF was launched earlier in 2025 as Europe Collateralised Loan Obligation AAA, at £146m in size. This was swiftly followed by USD AAA CLO ETF, currently $102m. In each case the company is attempting to replicate the success it enjoyed in the US: the US-listed AAA CLO ETF has $21bn in AUM.

Janus Henderson also offers very small Mortgage-Backed Securities, Short Duration Income and Japan High Conviction products.

Fineco (estimated AUM €260m)

Fineco, a subsidiary of FinecoBank, has four active ETFs of scale:

  • Dynamically Hedged US Equities (€80m)
  • Active Collection US (€80m)
  • Active Collection World (€59m)
  • Active Collection Europe (€52m)

The Dynamically Hedged product combines S&P 500 exposure with active options strategies to manage downside risk. The fund employs put options for protection during market downturns and writes call options to offset hedging costs during bullish periods.

Robeco (estimated AUM $260m)

Robeco offers four tailored variations of its 3D UCITS ETF – the US Equity, European Equity and Emerging Market Equity versions are very small, but the Global Equity offering has reached $229m. This is run as an extension of Robeco’s enhanced indexing strategy, targeting the “three investment dimensions” of risk, return and sustainability to improve performance.

The much smaller $27m Dynamic Theme Machine UCITS ETF uses AI-powered natural language processing to identify and rotate through emerging themes, so is essentially a quant model.

The rest of the market

Other providers that currently run less than approximately $250m in assets within European active ETFs include:

  • Investlinx (estimated AUM €215m)
  • First Trust Portfolios ($195m)
  • Ossiam (€122m)
  • Eurizon ($111m)
  • Aberdeen ($100m)
  • Cordillera ($70m)
  • UmweltBank (€50m)
  • Horizon Kinetics ($33m)
  • Amerant ($29m)
  • Goshawk ($24m)
  • Jupiter ($24m)
  • Guinness ($19m)
  • Westfield Capital Management (€15m)
  • Saturna Capital ($15m)

Most of this note thus far has inevitably focused on the offerings of the larger investment firms. However, as the list above shows, there are a number of smaller, sometimes less well known, companies in the space too. It is worth looking at a few of these in more detail, not least because they are often involved in interesting areas, including sometimes niche themes.

At this end of the market one name that comes up frequently is HANetf. This is Europe’s first and largest independent white-label platform for ETFs, founded in 2017. The company specialises in enabling asset managers to launch innovative and thematic ETFs in Europe without the need to build their own infrastructure. The company also partnered with Middlefield Canadian Income in its conversion discussed earlier in this report.

Some examples:

Goshawk Global Balanced UCITS ETF (ROES)

  • Provider: Goshawk (through HANetf’s white label platform)
  • Launch Date: October 2020
  • Assets Under Management (AUM): $24m
  • Portfolio managers: Harwood Capital Management: Alex Illingworth, Simon Edelsten, Charlie Fricker, James Rowsell, Tim Gregory
  • Strategy: To provide exposure to high quality growth equities, alongside sovereign bonds, to grow wealth ahead of inflation while protecting capital during market downturns. Principally invested in growth equities, with an additional defensive allocation to sovereign bonds.

US Global Investors Travel UCITS ETF (TRIP)

  • Provider: US Global Investors (through HANetf’s white label platform)
  • Launch Date: June 2021
  • Assets Under Management (AUM): $21m
  • Portfolio managers: Frank Holmes and Joanna Sawicka
  • Strategy: Strategically designed to provide diversified exposure to the global travel sector by investing primarily in high-performing companies within the travel industry. This includes airlines, hotels, cruise lines, airport operators, and related services.

Harbor Health Care UCITS ETF (WELL)

  • Provider: Harbor Capital Advisors (via HANetf’s white-label platform)
  • Launch Date: September 2024
  • Assets Under Management (AUM): €15m
  • Portfolio Managers: Matthew Renna and the Westfield Capital Management team
  • Strategy: Seeks to capitalise on secular growth and innovation within the U.S. healthcare sector. It invests in high-quality companies offering differentiated products, technologies, and services, focusing on areas such as targeted oncology, gene therapy, and value-based care. The fund aims to outperform the broader healthcare sector by adhering to disciplined valuation criteria and leveraging in-depth fundamental research.

Amerant Latin American Debt UCITS ETF (RNTA)

  • Provider: Amerant Investments (via HANetf’s white-label platform)
  • Launch Date: 26 March 2025
  • Assets Under Management (AUM): $29m
  • Portfolio Manager: Baylor Lancaster-Samuel
  • Strategy: Seeks to provide steady income by investing in a diversified portfolio of US dollar-denominated bonds issued by Latin American corporates, sovereigns and quasi-sovereigns. The fund focuses on issuers from larger and more stable economies such as Brazil, Mexico and Colombia, aiming to minimise currency risk and avoid distressed or defaulted bonds. It targets sectors including energy, financials and materials, offering investors access to the region’s resource-rich and export-oriented markets.

Guinness Sustainable Energy UCITS ETF (CLMA)

  • Provider: Guinness Global Investors (via HANetf’s white-label platform)
  • Launch Date: 3 December 2020 (strategy transition on 25 July 2024)
  • Assets Under Management (AUM): $19m
  • Portfolio Managers: Jonathan Waghorn and Will Riley
  • Strategy: Seeks long-term capital growth by investing in companies contributing to the reduction of global carbon emissions. The fund focuses on firms involved in sustainable energy generation, storage, and efficiency, including sectors such as solar, wind, hydro, geothermal, biofuels, and biomass. The investment approach combines top-down and bottom-up analysis, aiming to capture opportunities arising from the global transition to sustainable energy. The ETF excludes companies engaged in the extraction of oil, natural gas and coal.

Saturna Al-Kawthar Global Focused Equity UCITS ETF (AMAL / AMAP)

  • Provider: Saturna Capital (via HANetf’s white label platform)
  • Launch Date: September 2020
  • Assets Under Management (AUM): $15.4m
  • Portfolio managers: Saturna Capital investment team
  • Strategy: To provide long-term capital growth through a concentrated portfolio of high-quality, Shariah-compliant global equities. The ETF applies both Islamic and ESG screens and targets financially strong companies with sustainable growth profiles. It follows a benchmark-agnostic, high-conviction approach, holding typically 30-45 stocks diversified across sectors and geographies.

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