2025 was a record-breaking year for ETFs, according to data collected by JPMorgan Asset Management.

Inward flows surged by 27%, propelling ETF assets under management (AUM) past $19trn.

ETF flows in Asia Pacific grew by an even more impressive 42% in 2025, with ETF AUM up to $2.4trn. China, the biggest ETF market in APAC, is on its way to reach $1trn in ETF AUM.

In particular, active ETFs are making a significant impact. Over 50% of ETFs launched in 2025 were active, and active flows now account for about 25% of total ETF flows, despite representing just 9% of assets.

Meanwhile, fixed income is back in the spotlight. Active fixed income ETFs soured 50%, accounting for nearly 30% of all fixed income ETF flows.

Yet significant growth still awaits fixed income ETFs, as they represent only 17% of assets, while over 80% of the broader fixed income market is actively managed, noted JP Morgan Asset Management.