Active exchange-traded funds (ETFs) are experiencing significant growth, with investors allocating $603 billion to them from 2019 to October 2024. In contrast, active mutual funds have seen withdrawals totaling $2.2 trillion during the same period. The largest segment of the active ETF universe remains systematic active equity ETFs, such as $DFAC and $AVUS, but discretionary fixed-income ETFs, including $JPST and $FBND, are gaining traction, evidenced by their increasing share of year-to-date flows. Recent data indicates that cumulative flows into discretionary active ETFs have accelerated, driven by shifts in asset allocation. Notably, BlackRock Inc. and Fidelity Investments have attracted $6.2 billion in ETF investments in November alone. Sector rotations within U.S. equities show that Small Cap and Agency MBS are currently receiving the largest inflows, while High Yield and Basic Materials are experiencing outflows. Over the past week, the largest absolute flows have been recorded in ETFs such as $VOO, $IVV, and $QQQ, with $SPY seeing a notable outflow of $5.6 billion.