Fund managers are fearless as USD 1tn ETF wave hits Europe
The exchange-traded fund revolution sweeping through U.S. money management is eliciting little more than a shrug from a European cohort arguably next in line for disruption.
By Yakob Peterseil / BLOOMBERG
Even after American products gathered nearly half a trillion dollars last year, mutual fund managers appear to be banking on long-standing industry barriers to stem the ETF tide across the Atlantic.
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