WEBVTT

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JACKIE NOBLETT, SENIOR
REPORTER, IGNITES:

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I'm with Steve Cook
of Harbor Capital.

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Can you start with how
you identify managers

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that might have strategies
that would work on an ETF

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and how you gauge their interest
in putting them in ETFs?

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STEVE COOK, MANAGING DIRECTOR,
HARBOR CAPITAL ADVISORS: Sure.

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We do a lot of market
research in terms

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of what we think products
might be successful in the ETF

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space, competitive landscape.

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Obviously, right now with
the active ETF landscape,

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there isn't a whole
lot of product

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in the market across
asset classes,

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and so there's kind of
some green fields there.

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Our investment research team
is constantly out in the market

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trying to uncover qualified
new managers where

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we think they're going to
deliver idiosyncratic returns

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and generate alpha for clients.

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And as long as the base is there
in terms of their investment

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process or philosophy,
that's where we really

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begin to determine whether
or not a product would be

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appropriate as an active ETF.

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JACKIE NOBLETT: Is there still
hesitancy out there around

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ETFs from a portfolio
manager perspective?

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STEVE COOK: The market
really hasn't evolved.

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I would say 10 years
ago, the conversations

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that we were
generally having were,

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is our strategy appropriate,
would it work in the active ETF

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structure.

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And I think the conversations
have moved on from there.

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I think, by and
large, the market

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understands that a product or
an investment strategy that

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would work in a mutual
fund, for the most part,

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would work as an
active ETF strategy.

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JACKIE NOBLETT: Thanks so much
for talking with me, Steve.

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STEVE COOK: Jackie,
thanks for having me.

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It was great catching up.

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