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FYI: The ETF triopoly's domination of the asset management space, in which BlackRock Inc.’s (BLK) iShares, Vanguard Group, and State Street Corp.'s (STT) Global Advisors control a whopping 80% of the market with 600 products, could threaten the growth of the industry, and is now the focus of the Securities and Exchange Commission (SEC). The SEC has announced an “outreach initiative,” in which it aims to gain insight from smaller money managers and will potentially launch an advisory committee, per a recent Barron’s report. Regards, Ted https://www.investopedia.com/why-the-sec-is-worried-about-etf-industry-s-big-three-4684467?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral&yptr=yahoo
