February 2012
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Declaration of ETFolution
“Growth for ETFs will be circumscribed by cutting and splicing the market as finely as possible,” says Morningstar’s Traulsen. “Firms will have to put out new funds and compete on price.”
The quote above is from an article I wrote in 2003 entitled “ETFs Turning Ten.” Nearly a decade (and billions in assets) later, most of the observations in that...