Key facts
- Fidelity International is increasing hiring to bolster its active ETF business.
- The firm seeks to maintain its status as Europe's second-largest active ETF provider.
- Elisa Prezzavento has been appointed director of ETF product strategy and development.
- Active ETFs in Europe experienced substantial inflows in 2023 and are continuing to grow.
Fidelity International is prioritizing talent acquisition to support the expansion of its active exchange-traded fund (ETF) business, aiming to solidify its position as Europe's second-largest active ETF provider. The firm's global assets under management stand at $776 billion, with $15.8 billion in total ETF assets, of which $11.3 billion are in active ETFs. Fidelity International attracted $1.2 billion in ETF inflows in 2023.
Active ETFs in Europe have seen substantial inflows, gathering $7.4 billion in 2023 and an additional $1.7 billion since the start of the year. The broader European ETF market has experienced significant growth, with assets increasing by 28% in the past year to a record $1.8 trillion. Projections indicate continued expansion, with an estimated 15% annual growth expected over the next five years, potentially reaching $4.5 trillion. Europe-domiciled active ETF assets are forecast to reach €85.6 billion by March 31, 2026.