This 'surprising' chart should terrify anyone in the traditional money management business

Business Insider
By Matt TurnerOct 17, 2016, 10:10 am127 pts
Exchange-traded funds are hoovering up assets at an impressive rate. Yes, yes, I know you've heard that before. We've written about it plenty. The seemingly inexorable rise of these types of funds has everyone on Wall Street talking, with some even describing it as "investor socialism." The rise of ETFs…

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