Sharing this blog post from Joachim Klement
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My answer would be that concentrating only on ETF is not a good metric to assess the competitiveness of the market. The global market of investment products is much larger than only ETF and it is on the global market that you have to apply the metric of HHI. It is like if you would assess the competitiveness of the car industry by concentrating your evaluation only on cars with petrol engine of less than 50 kW power.
Not really. I think that % of investment in passive and active is 50 - 50.