Growth of ETFs can disrupt the mutual funds market, says Steven Hawkins

he impact of artificial intelligence on the investment industry has just begun, says Steven Hawkins

In an interview with Ashley Coutinho, Steven Hawkins, president & chief executive officer, Horizons ETFs Management, says since money is a very personal thing, some form of human intervention will be required. Edited excerpts:

Globally the total ETF assets under management is about $6 trillion. What are the broad trends and interesting themes that you see playing out in the global ETF space?

I see three that are happening in nearly every market right now. One, there is a movement towards lower fees: more and more investors are taking control of their investments and they’re looking for cost-effective products. That’s