Active ETFs, thematic exposures and ESG innovation needs

The discussion started with Niklas Tell asking the investors to highlight some of the main reasons for using ETFs.

CAROLUS REINCKE: “There are some obvious reasons, such as the diverse universe of ETFs, easy access and administration. Also, if you look at actively managed funds versus ETFs, then I view actively managed funds basically as style funds. As an allocator, you need to recognise the style of the individual manager and evaluate how that style works in different market conditions. Alternatively, you can buy style ETFs directly and that’s what we typically do.” FLORIAN CISANA: “How would you define a style ETF?” CAROLUS REINCKE: “I’m talking about style factors such as value, growth and momentum etc.” MIKAEL LÖFBERG: “It’s