Core Insights - The article highlights the increasing trend of active ETF launches and the conversion of mutual funds to ETFs, indicating a significant shift in the investment landscape [1] Group 1: Industry Trends - There has been a notable rise in the number of active ETF launches this year, reflecting growing investor interest and demand for these investment vehicles [1] - Conversions from mutual funds to ETFs are becoming a prevalent trend, showcasing a strategic move by firms to adapt to changing market preferences [1] Group 2: Market Impact - The conversion of one of the largest mutual funds in the industry to an ETF format is a significant development, potentially influencing other firms to follow suit [1]