道富银行：2026年全球ETF展望报告：从工具载体到市场支柱（英文版）

The ETF story is resonating, and many global asset managers have moved from viewing ETFs as a“side experiment” to embracing them as a core component of their distribution strategy.ETF managers are broadening access to asset classes and increasingly complex strategies previously limited to private wealth, institutional channels, or hedge funds.This expansion is well timed as advisors are leaning more heavily on ETFs as core building blocks, capable of anchoring nearly every component of modern