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Quote of the Day

"The ETF industry is much more entrepreneurial than the traditional asset management world. That's why we’ve fit in. We've been willing to push the envelope a bit."

(Cathie Wood)

Chart of the Day

If you strip out Blackrock ($BLK), Moody’s shows that publicly traded asset managers have experienced net outflows over the past five years. (chart via @robinwigg)

(twitter.com)