ETFs hit record fee revenue in Q1 of $6.3b, about 7% over the previous peak set in Q4 (each quarter brings a new record pretty much) but inside this is active's increasing muscle, makes up 28% of revenue pie despite 11% of aum. Makes sense as it charges more so this is reflecting the flows, active took in 37% of cash so far this year. Great stuff from @SirYappityyapp(Eric Balchunas)