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    <loc>https://intropic.io/research-hub</loc>
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    <lastmod>2026-03-31</lastmod>
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    <loc>https://intropic.io/research-hub/walmarts-nasdaq-play</loc>
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    <priority>0.5</priority>
    <lastmod>2026-03-26</lastmod>
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      <image:title>Research Hub - Walmart’s Nasdaq Play - The most ROI generative “rebrand” in recent history - Make it stand out</image:title>
      <image:caption>Source:  Intropic N.B. Net Flows Data in $mn and includes ETF flows just for R1000 constituents</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6616df7d3fbebe335cf3264b/db689b73-ef89-485c-9c4f-78e3b31a32b5/Picture14.png</image:loc>
      <image:title>Research Hub - Walmart’s Nasdaq Play - The most ROI generative “rebrand” in recent history - Make it stand out</image:title>
      <image:caption>Source: Intropic N.B. Data in $mn and includes ETF flows just for R1000 constituents</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6616df7d3fbebe335cf3264b/a3ee8a1a-44b8-41b8-8d2e-c2eda74bacd4/WMT+CASE.png</image:loc>
      <image:title>Research Hub - Walmart’s Nasdaq Play - The most ROI generative “rebrand” in recent history - Make it stand out</image:title>
      <image:caption>Source: Intropic</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6616df7d3fbebe335cf3264b/8f21e6c5-3326-4006-9083-bfbb4f5b1e12/wmt+case+3.png</image:loc>
      <image:title>Research Hub - Walmart’s Nasdaq Play - The most ROI generative “rebrand” in recent history - Make it stand out</image:title>
      <image:caption>Source: Intropic</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6616df7d3fbebe335cf3264b/496f5717-616d-4548-8f80-e9a198be9a26/short+interes.png</image:loc>
      <image:title>Research Hub - Walmart’s Nasdaq Play - The most ROI generative “rebrand” in recent history - Make it stand out</image:title>
      <image:caption>Source: Intropic</image:caption>
    </image:image>
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    <loc>https://intropic.io/research-hub/the-rise-of-passive</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-03-20</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6616df7d3fbebe335cf3264b/85948b50-1bfe-4fec-9d8b-0a242b15a8a4/passive+vs+active.png</image:loc>
      <image:title>Research Hub - The Rise of Passive - Make it stand out</image:title>
      <image:caption>Source:  Intropic, Research Affiliates and Morningstar N.B. Data includes U.S. open-ended funds and ETFs (with obsolete funds included)</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6616df7d3fbebe335cf3264b/8c276ed2-be26-4954-b937-2ed5d941f0fc/us+equity+fund+flows.png</image:loc>
      <image:title>Research Hub - The Rise of Passive - Make it stand out</image:title>
      <image:caption>Source: Morningstar</image:caption>
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  <url>
    <loc>https://intropic.io/research-hub/the-narrowing-edge-why-active-managers-are-struggling</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-03-09</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6616df7d3fbebe335cf3264b/cc13aa1d-af3e-409b-a6fa-652a431088a8/OUTPERFORMED.png</image:loc>
      <image:title>Research Hub - The Narrowing Edge: Why Active Managers Are Struggling - Make it stand out</image:title>
      <image:caption>Chart 3: US Large-Cap Blend Equity’s active survived funds performance</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6616df7d3fbebe335cf3264b/e2d4857b-f70f-4763-b48f-ae15eed077f8/ownership.png</image:loc>
      <image:title>Research Hub - The Narrowing Edge: Why Active Managers Are Struggling - Make it stand out</image:title>
      <image:caption>Chart 4: Share of passive ownership across top 10 US stocks</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6616df7d3fbebe335cf3264b/daa411b0-4794-4222-a557-2b76e1150d96/sp500-outperformance.png</image:loc>
      <image:title>Research Hub - The Narrowing Edge: Why Active Managers Are Struggling - Make it stand out</image:title>
      <image:caption>Chart 5: Percentage of S&amp;P 500 constituents beating the index performance</image:caption>
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  <url>
    <loc>https://intropic.io/research-hub/a-different-market-microstructure</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-03-09</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6616df7d3fbebe335cf3264b/e90bfd5c-4904-48be-962f-e50f94a0fb86/etf-flows.png</image:loc>
      <image:title>Research Hub - A Different Market Microstructure - Make it stand out</image:title>
      <image:caption>ETF Flows in newly added stocks to the S&amp;P 500</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6616df7d3fbebe335cf3264b/3ae7d2c0-0350-48fb-b34e-0d0e9c1a48d5/factor+neutral+volatility.png</image:loc>
      <image:title>Research Hub - A Different Market Microstructure - Make it stand out</image:title>
      <image:caption>Factor-neutral volatility has grown over time</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6616df7d3fbebe335cf3264b/3ad13bcf-a25a-4d74-a8f5-fa9ac317586a/variance-deco.png</image:loc>
      <image:title>Research Hub - A Different Market Microstructure - Make it stand out</image:title>
      <image:caption>Variance decomposition of S&amp;P 500 addition pre- and post-index inclusion</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6616df7d3fbebe335cf3264b/166b3a43-4468-4c09-bbad-12117c85e55f/wmt-case.png</image:loc>
      <image:title>Research Hub - A Different Market Microstructure - Make it stand out</image:title>
      <image:caption>Walmart’s volume and indexed price vs fundamentally-linked peers</image:caption>
    </image:image>
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    <loc>https://intropic.io/sign-up/log-in</loc>
    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2026-02-10</lastmod>
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    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2026-03-30</lastmod>
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      <image:title>Image hosting - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6616df7d3fbebe335cf3264b/1bfe716e-8b12-437e-8b1f-6bb7cbec7a10/Screenshot+2026-03-30+at+15.32.16.png</image:loc>
      <image:title>Image hosting - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6616df7d3fbebe335cf3264b/9c98cc47-b47c-4b46-9d7e-d721fe3eb37e/Screenshot+2026-03-30+at+15.13.28.png</image:loc>
      <image:title>Image hosting - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6616df7d3fbebe335cf3264b/6d0687c1-67f7-47bf-9544-ca16fc68fc62/Cover.png</image:loc>
      <image:title>Image hosting - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
    </image:image>
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    <loc>https://intropic.io/new-page-4</loc>
    <changefreq>daily</changefreq>
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    <lastmod>2026-02-10</lastmod>
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    <lastmod>2026-02-10</lastmod>
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