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Tech Firms Are Next Threat To Asset Managers, Moody’s Says

FYI: Asset managers’ inadequate response to the rise of cheap, index-tracking funds has left them vulnerable to a new assault, this time from technology giants such as PayPal Holdings Inc. and Amazon.com Inc., Moody’s Investors Service said in a report.
Regards,
Ted
https://www.bloomberg.com/news/articles/2017-11-14/tech-firms-are-next-big-threat-to-asset-managers-moody-s-says
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