ETF Impact Report
Built for what’s next.
Shaping a shared future.
Explore top trends and our bold predictions.
What’s inside
Unpack the innovation, flows, and investor trends fueling the next wave of ETF growth.
Exclusive perspectives from ETF industry experts
Get firsthand insights from Chief Investment Strategist Michael Arone and Global Head of Research Strategists Matthew Bartolini on the forces shaping what comes next.
Bold predictions on future ETF growth
From the next five years to the next three decades, uncover the trends, technologies, and structural shifts with the greatest potential to redefine the ETF landscape.
Insights to navigate what’s next
Explore the opportunities, trade-offs, and market dynamics investors should consider as ETFs expand into new markets, structures, and use cases.
Setting records and resetting expectations
Our current projected 10-year growth of global ETF assets outpaces our forecast from last year by 18%.
Why are ETFs attracting more innovation, capital, and investor attention than ever before?
Source: Morningstar, calculation by State Street Investment Management, as of March 31, 2026. AUM growth is calculated using a combination of 3- and 5-year annualized growth rates at the asset class level and summed up to topline AUM figures. The performance data quoted represents past performance. Past performance does not guarantee future results.
30+ years after SPY’s launch, the industry is still evolving at lightning speed—with ETFs opening the door to:
New markets
From private markets to new regions, ETFs are pushing into territory once thought out of reach.
New use cases
ETFs are evolving from exposure tools to outcome-oriented strategies built for a changing world.
New users
From Asia Pacific to US retail investors, new waves of ETF adoption are reshaping who drives growth.
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