That didn’t take too long. Several major asset managers are crossing asset milestones in their ETF businesses amid a record year for inflows industrywide. Capital Group’s three-year-old line of ETFs just hit a total of $100 billion in assets under management. Of course, no one comes close to BlackRock’s iShares or Vanguard, which at $3.9 trillion and $3.7 trillion are the dominant players in the market. But the rising profile of Capital Group, and other semi-recent entrants like T. Rowe Price, highlights ...

Group 1 - Joseph Shaposhnik believes that many investors have lost faith in actively managed funds, which he considers "broken" but fixable [1][2] - Shaposhnik launched the Rainwater Equity ETF RW this summer, with a significant contribution from Bill Miller, a renowned value investor [3] - His experience at TCW highlighted that predictable-growth businesses tend to outperform, leading him to focus on companies with recurring revenue [4] Group 2 - The fund's strategy includes investing in companies with secured revenue through subscriptions or contracts, which supports management's growth investments [5] - Major holdings include Microsoft, which benefits from its Office 365 subscription model, and Broadcom, which has seen a 46% stock gain this year due to new AI customers and large orders [5][6] - GE Aerospace is identified as a top pick, benefiting from its dominant position in commercial aerospace propulsion and expected steady growth in the sector [6][7] Group 3 - Larry Culp, CEO of GE Aerospace, is recognized for his strong leadership and track record, which is expected to drive the company's turnaround [7] - GE Aerospace is viewed as a pure-play investment in the long-term growth of commercial aerospace and defense, with projected free cash flow and earnings growth of 20% over an extended period [7]