Active ETFs in Europe have entered a new phase. J.P. Morgan remains the market’s anchor, but a growing roster of entrants and record fund launches show that competition is intensifying.
The Avantis Global Small Cap Value UCITS ETF stands out as a successful small-cap entry, ranking among the top 10 active ETFs by inflows in early 2025 thanks to its diversified portfolio of over 1,000 holdings and strict liquidity controls.
In a milestone for product structure, Fidelity launched Europe’s first semitransparent active ETF in September 2025, the US Fundamental Small-Mid Cap UCITS ETF (FFSM). The structure provides daily transparency to market makers and authorized participants, subject to confidentiality agreements, with public…
Oct 23 2025
