Elite Wall Street firms are surrendering to the ETF boom
Some money managers are starting to convert separately managed accounts to ETFs to take advantage of the tax efficiency of the ETF wrapper.
Getting John Beatson to pick stocks for you used to require a cool $25 million or thereabouts. Thanks to the newest trend in money management, these days it’s more like $25.
That’s roughly the price of a share in the Bushido Capital US Equity ETF (SMRI), an actively managed equity vehicle lau
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