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The Future of Financial Markets: Index Investors and Concentration in Asset Management

Financial markets thrive on diversity, with numerous investors determining prices that reflect companiesโ€™ fundamentals. Trends toward concentration in asset management and passive index investing may be detracting from optimal market functioning, necessitating government action to encourage smaller players and restore a healthy balance.
Zuid Holland Noord Holland United States Chesters Spatt Jan Krahnen Kellogg School Of Management At Northwestern University

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