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Passive Funds An Active Threat For Europe's Fund Managers

TedTed
in The Bullpen
FYI: The passive wind blows even stronger in the United States due to years of underperformance by active funds, which has led to institutions parking half of their equity allocations in index trackers, according to data from State Street.

And the shift is spreading to other parts of the world, putting at risk revenues earned by money managers, banks and brokerages that service funds and more than half a million jobs related to fund management in Europe alone.

Regards,
Ted
http://www.reuters.com/assets/print?aid=USL5N0QQ1KD20140831
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