BusinessFinance

Major UK Asset Managers Royal London and M&G Expand Into European Active ETF Arena

Royal London Asset Management and M&G are reportedly preparing to enter Europe’s rapidly expanding active ETF market. The move comes as assets in European active ETFs have grown nearly sevenfold since 2019, according to recent analysis.

UK Fund Giants Enter Active ETF Space

Two of the United Kingdom’s largest asset management firms, Royal London Asset Management and M&G, are reportedly planning significant entries into Europe’s active exchange-traded fund market, according to recent reports. Sources indicate this strategic shift comes as the sector experiences explosive growth while traditional mutual funds face increasing fee pressure from investors.

AITechnology

OpenAI Faces Revenue Challenges as ChatGPT Subscription Growth Stagnates in European Markets

New analysis reveals ChatGPT subscription revenue has flatlined in key European markets after early 2023 growth. The development comes as OpenAI plans trillion-dollar infrastructure expansion despite relying heavily on subscription income from its flagship chatbot.

ChatGPT Subscription Growth Stalls in European Markets

OpenAI’s flagship ChatGPT service appears to be struggling with subscriber growth in European markets, according to recent analysis from Deutsche Bank Research Institute. The report indicates that European spending on ChatGPT subscriptions has stagnated since May 2023, suggesting the AI boom‘s most prominent product may be facing challenges converting users to paying customers.