Wall Street Firms Plunge Into Europe’s Booming Active ETF Market

US investment firms are rushing to grab a greater chunk of Europe’s market for active exchange-traded funds, an industry projected to grow to $1 trillion in assets over the coming years.

JPMorgan Asset Management, BlackRock Inc., Invesco Ltd. and Goldman Sachs Asset Management are among the US firms to launch active ETFs on European exchanges this year, according to data from Bloomberg Intelligence. Others are waiting in the wings, with State Street Global Advisors and Texas-based Dimensional Fund Advisors laying the groundwork to debut in Europe.