It’s no great surprise why exchange-traded funds (ETFs) are playing an increasing role as a core portfolio instrument across institutional, wealth and retail channels, given their cost efficiency and transparency.But where might the next wave of innovation in active and fixed income ETFs come from? How will technology, tokenisation and evolving investor preferences reshape the ETF ecosystem and the way investment exposures are delivered?Listen now to this ICMA Podcast, where Anita Karppi, Senior Director Buy-side at ICMA, discusses current trends and the future of ETFs with John Taylor, Head of EMEA ETF Capital Markets, J.P. Morgan Asset Management; Alexandre Roubaud, Head of EMEA ETF Markets, BlackRock, and Sander Van Nugteren, Senior ETF Capital Markets Specialist, BNP Paribas Asset Management.