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Global passive assets hit $15tn as ETF boom heats up

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Assets under management in exchange traded funds are eclipsing traditional index-tracking mutual funds for the first time, after the global passive investment industry vaulted past $15tn in assets last year. ETFs stood at $7.71tn under management at the end of last year — narrowly behind index mutual funds at $7.76tn…

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Click here to read the full story: Financial Times

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