may be the big bully on the active ETF playground right now, but he'll soon have company, according to an Investment News
, McKinsey & Co.
's co-leader in wealth management, asset management and retirement for the Americas, told reporter Jason Kephart that the space will grow from $10 billion today to $500 billion in 2020.
How will this happen? Essentially, names we all know — Fidelity
], T. Rowe Price
] and Franklin
— will get in the game and bring in big money.
Kephart notes that Gross' Pimco Total Return ETF
has brought in more than $4 million in less than a year — representing more than 80 percent of active ETF growth.
For more on the nascent space, check out the original article here
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