An Active Advantage in International Equities Investors intrigued by exposure to international equities after this rate cut will want to consider active strategies. Given this, Thornburg has a pair of funds that should receive prime consideration: the Thornburg International Equity ETF (TXUE) as well as the Thornburg International Growth Fund ETF (TXUG). TXUE can provide broad international equities exposure while TXUG allows investors to lean more into the growth factor—an ideal alternative especially if ...

ETF Market Trends - ETF flows are experiencing a global surge, with record-breaking performance in the first half and Q3 of the year [1][2] - The growth is broad-based, spanning across various asset classes, including digital assets, active strategies, and index funds [2] - Actively managed ETFs are gaining traction, accounting for approximately 37% of inflows this year, compared to just over 25% last year [3] Investor Preferences - Investors seek alpha, tax efficiency, and liquidity in actively managed ETFs [5][6][7] - Investors are looking for yield and moving into short-term government bond ETFs to capture higher returns compared to holding cash [12] - Investors are showing interest in growth and income strategies, including outcome ETFs that offer upside potential with income [9][10] Specific ETF Flows - Digital asset ETFs are experiencing significant momentum and increased accessibility [9] - Short-term treasury ETFs are attracting investors seeking yield [11][12] - Some investors are moving away from index funds, with the SPY S&P 500 ETF experiencing net outflows of over $6 billion this year [8] Future Outlook - The industry anticipates continued momentum in digital asset ETFs [9] - Expects growth in growth and income strategies [9] - A potential influx of funds from the $7 trillion sitting on the sidelines in money market funds into the ETF industry is anticipated [12][13]