| The ability of active fund managers, who aim to beat the market, to pick winning stocks is being eroded by the huge growth in assets controlled by exchange traded funds, according to new academic research.
The report, which was written by three business schools, stated that the growth in ETFs is resulting in distortions in the share prices of those companies held by such funds and could be a factor in explaining why stockpickers are having difficulty delivering outperformance...............................................Full Article: Source
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