道富银行State Street（STT）：2026年全球 ETF 展望报告： 从工具载体到市场支柱（英文版）（52页）.pdf

1、2026 GLOBAL ETF OUTLOOKFrom wrapper to backboneApril 2026Contents1 Preface2 About the authors3 Global outlook for ETFs6 Megatrends by region19 Our market predictions23 Industry predictions41 2025 predictions revisited49 EndnotesState Street 2026 Global ETF Outlook:From wrapper to backbonePrefaceIn 2

2、025,the global ETF marketplace climbed to almost US$20 trillion,with record inflows and a record number of new ETFs listed globally clear signals that ETFs are scaling not just in size,but in reach and relevance.That momentum and our vantage point on it sets the foundation for this 2026 report.Infor

3、med by State Streets internal research,ongoing client and stakeholder discussions,and participation in industry committees and innovations,this report synthesizes the major forces shaping ETF markets in 2026 and outlines strategic imperatives for issuers,investors,and ecosystem partners.This year,th

4、e most important ETF story wont be simply“more”it will be“more”and“fundamentally different.”ETFs are expanding the investable universe,bringing increasingly sophisticated strategies and asset classes into a liquid,transparent wrapper.As that universe broadens,however,so do the practical questions th

5、at determine who wins:how to manage product complexity,how to manage capacity and liquidity constraints,and how to translate innovation into repeatable distribution.This outlook is designed to be practical an input you can use across planning conversations,product roadmaps,and stakeholder engagement

6、s.Youll find:A global outlook that frames whats changing Regional megatrends to highlight how growth drivers diverge across major geographies Our market predictions for 2026 A curated set of external partner perspectives across the ecosystem Our 2025 predictions revisited what held and what shiftedW