Thematic ETFs as a Hedge to Large Market Movement

Nate: There's a trend from active to passive and there's also a trend from mutual funds to ETFs. Both of those kind of come back to this, this idea of like high cost to low cost. People are trying to lower the fees that are paying on their total portfolio. But within that is also this growth of active, like within that overarching, changing seat tied with barbell approach. James: Can I get your thoughts here as well on the usage of thematicETFs, especially as a hedge to large market movement?

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