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Wall Street Wants to Sell a Special Index, Just for You
The biggest asset managers see customisation as the future of investing. Or maybe it’s just the latest way to make a buck.
12 Dec 2021, 12:23 PM IST
(Bloomberg Businessweek) -- It’s the existential challenge faced by asset managers all over Wall Street: Surrender to the fee-killing exchange-traded fund boom—or keep bleeding assets and risk extinction. Now they’ve hit on a way to fight back.
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