Global money management - Friday, January 25, 2008
ETF Popularity To Hurt Active Managers
Active managers could lose up to $12 billion a year in fees as index-based products gain popularity, research from the TABB Group reveals. In the U.S., about $1 trillion is invested in index-based products such as exchange-traded funds. Index-based assets under management have grown by 2,610% since 1993.
