Contrarian Investor: Time for a passives revolution in 2017?
Threat to traditional asset managers
Regular readers of this column will know I am rather partial to the idea of the exchange-traded fund - largely, I must admit, as a way of reducing the total cost of ownership.
My hunch is 2017 could be the year traditional asset managers wake up to the reality that ETFs are a real existential threat to their business model, even here in Europe. Put simply, too many active...
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