“People should not be quick to rush back into most U.S. stocks, whereas a lot of other stocks around the world are not even above where they were back in 2007.”
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Fidelity and GSAM are among the managers using an emerging approach to active that could be as disruptive as BlackRock’s deal for iShares.
Institutional Investor reports that the top 25 managers made a combined total of $30 billion, just shy of the record set in 2020.
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