JPMorgan and Fidelity International have pulled in more than $5bn collectively across their active ETFs in Europe this year, as the products continue to gain traction outside the US.

Active ETFs in Europe gathered around $6bn of new money in the first nine months of 2023, up from $1.7bn for the same period in 2022, according to research firm ETFGI, as asset managers ramp up launches in the region.