From Morningstar: 2025-03-07 08:09:44

Monika Calay, Morningstar’s Director of Manager Research for the UK, interviews Dorcas Phillips, Head of Capital Markets for Robeco, on International Women’s Day. Phillips discusses the evolution of the capital markets function in ETFs over the past 20 years, highlighting the challenges and innovations in the industry, including the rise of active ETFs and diverse exposures. She emphasizes the importance of efficiency and pricing for end investors accessing ETFs. Phillips notes that operationally, there is not a significant difference between passive and active ETFs, but understanding the strategy is crucial for market makers and authorized participants. Regulatory changes, such as semi-transparent ETFs, may impact the capital markets function in the future. Phillips shares insights on launching successful ETFs, emphasizing the need for commitment, distribution support, and a clear understanding of the product’s unique value proposition in a competitive market with over 3,000 ETFs available to investors. She encourages young professionals to explore opportunities in the ETF industry, highlighting the diverse career paths and constant innovation that make it an exciting field to work in. Phillips advises individuals to say yes to every opportunity, leverage networks, and continuously learn to stay ahead in the evolving industry. Monika Calay concludes the interview, thanking Dorcas Phillips for her insights and expertise in the ETF space.



Read more at Morningstar: Robeco’s Dorcas Phillips: Young People Should Say…