Asset management companies face more consolidation after activist investor takes stakes in two big players, analysts say

"That's something that you need to do with scale," Senra said. "We do believe in consolidation in the industry."

"The ETF industry is clearly going to do much the same," Lowell said in the same "ETF Edge" interview. "And, for the benefit for the retail investor and the professional advisor, it usually leads to lower costs for the underlying products, whether they're actively managed mutual funds, passive indexes or ETFs."said in the same interview that "innovation will always drive this market.

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