FYI: Talis Putnins is a professor of finance at the University of Technology, Sydney. One of Australia’s top experts on asset pricing, he recently published one of the foremost studies of the US ETF industry. The study, which he co-authored with several academics at Cornell University, argues that the vast majority of ETFs are actively managed, and rather than undermining active management, ETFs are making it grow. We caught up with him below to find out more.
Regards,
Ted
http://www.etfstream.com/analysis/4823_interview-prof-talis-putnins-etfs-are-not-parasitic-on-active-management
