Morningstar expects passive fund managers — like Vanguard andBlackRock/iShares, which are the two largest providers of exchange-traded funds — to continue to garnermuch of the attention in the next decade, according to a newresearch report.

However, the report — by Laura Lutton, director of NorthAmerican manager research, and senior equity analyst GreggoryWarren — finds that there's plenty of room for active asset managers that have scale, establishedbrands, solid long-term performance and reasonable fees.

Lutton and Warren presented their research during the annualMorningstar Investment Conference in Chicago.

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Emily Zulz

Emily joined the ThinkAdvisor team as a reporter in the summer of 2014. She previously worked as a reporter for The Daily Journal in Kankakee, Illinois for a year and as a reporter and editor for The Daily Eastern News in Charleston, Illinois for two and a half years. Prior to joining ThinkAdvisor, Emily worked on Groupon’s editorial team in Chicago as a fact checker for three years. She graduated cum laude with a BA in journalism from Eastern Illinois University, and she has been the recipient of two journalism awards for her news reporting at daily newspapers.