Yahoo Finance

And speaking of the election, Trump currently favored to win, but we know how quickly those polls can change. Are there any areas of overlap between political parties that investors should consider? That way they're protected no matter who ends up in the Oval Office?

Yeah, and I think that's exactly the way to think about it, right? You know, we hear a lot from investors that they're worried about the volatility that comes with elections, and they're worried about election results. You know, I think the number one message that we have for investors is just the importance of staying invested. Um, you know, we just like to remind people that irrespective of who holds power, equity markets do what they do, and that's typically go up. So, you know, I I I think that that's that's one message. There are certainly some areas that we think there is some overlap in terms of both party agendas. So sort of regardless of who takes power in, you know, in um, in November, you know, something like IETC, which is our technology independence fund. This is an active fund that's actually specifically looking for companies that are benefiting and and shoring up technology independence here. So benefiting from some of those onshoring trends that we've heard about. And I think that really has sort of bipartisan support right now. Um, if you look more broadly, you know, there's there's tremendous investment that's being made in things like infrastructure. We think that's gonna be a huge, really important part of of people's portfolios going forward. So something like IFRA, um, everybody needs bridges and roads whether there is a Republican or a Democrat in in office. So, you know, really just building for the future, things like that.

And we know the ETF industry has been aggressively innovating, especially when it comes to active ETFs. Can you first explain to us what exactly this is and why we're seeing such growth?

Yeah, absolutely. And we just published a paper yesterday. Um, it's a pretty bold call, um, but we do project that active ETF assets under management are going to grow to $4 trillion dollars by 2030. So again, that's a pretty aggressive growth rate, but it's in line with what we've been seeing lately. So, in terms of where that growth is coming from, you know, I think there's a couple different categories of active investing. Um, there's the traditional kind of stock and bond picking picking, the alpha seeking that you may be, you know, comes to mind immediately. I think there's some other really interesting cohorts of funds that are things like outcome-based investing. So, um, some of them are are yield enhancing, using option strategies and overlays and things, um, to either, you know, buffer against a downside or actually increase income, um, in in some of those as well. So I think there's there's a lot of flavors of active management, and we that's part of the reason why we see such growth opportunities because there's kind of something for everybody.

I love it. Christie Aquilian, BlackRock, Head of iShares Investment Strategy Americas. Thank you so much for joining us and giving us your insights today.

Thanks for having me.