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What Gives an Index an Edge

An index should not only be representative of the style it's trying to capture, it should also be transparent and limit unnecessary turnover, says Morningstar's Alex Bryan.

Christine Benz: Hi, I'm Christine Benz for Morningstar launched its new ratings for exchange-traded funds in November. Joining me to take a closer look at one of the pillars of the ratings is Alex Bryan. He is director of passive strategies research for Morningstar in North America.

Alex, thank you so much for being here.