U.S. ETF Assets Grow to $2.5T in 2016

The video discusses the dynamics between passive and active investing, highlighting the growth and competition in the ETF market. It explores how institutional investors are increasingly adopting ETFs due to their low expense ratios. The discussion also covers the potential for zero expense ratio ETFs and the impact of innovation on market share. Additionally, the video touches on the regulatory environment on Wall Street, with a focus on the appointment of Jay Clayton as SEC head and its implications for financial regulation.

What are the potential challenges for hedge funds in light of the growing ETF market?

Discuss the implications of having a zero expense ratio ETF.