Updated Wednesday, July 30, 2014 as of 1:18 PM ET

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BlackRock’s Wiedman Says Active ETFs Are 'Out of Money' Option

Christopher Condon

BlackRock has spent three years crafting a new type of actively-managed exchange-traded fund that's stoked optimism in the U.S. for expansion of the $1.8 trillion industry. The world's biggest money manager is confident the product will work, except the market will be a dud.

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