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The Vanguard Impact in a nutshell.. $5T swing from excessive price lively to low price passive over previous decade. One new wrinkle tho: the very prime exhibits lively in ETF format is beginning to seize some actual flows (thx to being low(er)-cost and in ETF kind). Killer chARTwork from @JSeyff pic.twitter.com/ZQGm4QVZfo
— Eric Balchunas (@EricBalchunas) January 31, 2025
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