 have raked in a modest $9 billion in assets since 2020. That accounts for slightly over 1% of the total assets in actively managed exchange-traded funds, according to data compiled by Bloomberg and a team at JPMorgan. Meanwhile, active ETFs overall have accounted for more than 60% of new fund launches in each of the past four years, according to JPMorgan. Over the past year, they have garnered a quarter of all ETF inflows in the U.S.,