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Where Should Investors Be Active?

Active management has a better shot of succeeding in the 'dusty corners' of the market than more liquid portions, says Morningstar's Lee Davidson.

Jeremy Glaser: For Morningstar, I am Jeremy Glaser. I'm here today with me is Lee Davidson. He is a senior quantitative analyst at Morningstar. He recently moderated a panel on when it makes sense to be active and when it makes to have a more passive strategy. We'll talk about some of the insights from that panel.

Lee, thanks for joining me.