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ETF Lawyer-Regulator-Industry Veteran Dalia Blass
Trillions
The Role of BlackRock and Vanguard in the Investment Industry
A fund cannot own more than 10% a company. But that's the rule in the 40 Act, but it doesn't say anything about a fund complex. The other piece to note is that this is a very large and very diverse industry. You're talking about an industry that's well over a hundred trillion dollars globally.
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