The ballooning exchange traded fund industry is threatening to take a bite out of separately managed accounts, having already eaten the lunch of the mutual fund sector.
不斷膨脹的交易所交易基金行業正在威脅著獨立賬戶管理(SMA)業務的生存,而共同基金行業的午餐已經被其蠶食殆盡。
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