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FYI: For more than 75 years, traditional active management has been the default option for investors. From the 1920s and ’30s, when direct stock and bond selection was the only option, through the Investment Company Act of 1940, investors have defaulted to traditional active management. Regards, Ted http://www.etf.com/sections/etf-strategist-corner/active-no-longer-default?nopaging=1
