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The ETF Era Is Going to Be Here for a While
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Transparent Active or Non-Transparent Active?
Active is carving out a nice niche, right, Tom? I think going back to your other, there's another pat in the back. Kathy Wood might even kill that narrative that you need to be non-transparent to succeed. Non-transparent active is probably going to slowly live in a very, very small niche, if not just go away eventually. And transparency will be how they do active.
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