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The ETF Industry Has Just Exploded
The idea that you can go from five trillion to 20 trillion doesn't scare me in the least, especially when we're talking about some of those assets going into enormously large markets. Issuance has doubled in the last nine years; there's just way more corporate debt out there. We can't know if that growth will happen. But as my colleague Eric Baltrune points out, Nate Most would most definitely be surprised if he were still alive.