The decision will allow the local bourse — which has recently faced a spate of company delistings — to take advantage of growth in ETF listings and trading.
The fund managers who run actively managed ETFs choose shares and make regular trades to generate returns for investors. This means they do not adhere to the passive investment strategies of index-tracking ETFs. According to New York-based investment banking company Brown Brothers Harriman, active ETFs represented about 10% of global net inflows in 2021.
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