In 2023, net assets in passive funds exceeded those in active funds for the first time: $13.3 trillion with $8 trillion in U.S. equities. (Morningstar report as related in Financial Times, Jan 23, 2024.)
In 2024, there was a record $450 billion flow out of active funds, up from $413 billion in 2023. (EPFR report as related in Financial Times, Dec 31, 2024.) Globally, $1.5 trillion net flowed into ETFs, up from $1.2 trillion in 2023, of which $377 billion was into non-US funds. Total ETF assets hit $13.8 trillion, up $297 trillion from 2023. $1 trillion was in active ETFs rather than passive funds (Financial Times, January 21, 2025).
Morningstar reported that active funds returned an average 20% for 2024 and 13% annually over the past five years versus 23% and 14% for passive funds.