| The long-running war between the mutual fund industry and the burgeoning exchange traded fund sector appears to have reached a turning point. Asset managers who run mutual funds have watched with envy as ETFs have grown into a $2.6tn global asset class by offering investors cheaper products that trade like stocks but passively track indices or other baskets of securities.
Seeking their own slice of the rapidly growing ETF market, asset managers have for years been trying to create specialised versions of exchange-traded products...............................................Full Article: Source
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