In this episode of *Trillions*, we explore the five big themes of 2026 — including a “triple crown” and a Goldman Sachs comeback.

The ETF market continues its remarkable surge, driven by investor demand for diversified exposure and cost efficiency. This year’s performance reflects broader shifts in how portfolios are constructed, with institutional and retail participants alike gravitating toward transparent, rules-based investment vehicles.

Among the standout developments is the triple crown phenomenon, where three major trends converge: rising interest rates, accelerated digital adoption, and renewed focus on environmental, social, and governance (ESG) criteria. These forces are reshaping product development and distribution strategies across the industry.

Meanwhile, Goldman Sachs is making a notable return to form, leveraging its deep analytics capabilities and client relationships to capture market share. The firm’s resurgence underscores the competitive dynamics at play as traditional finance and fintech continue to intersect.

Looking ahead, market participants are watching 2026 closely, anticipating further innovation in smart beta, active ETFs, and cross-border listings as the landscape evolves.