FDIC bid to strip BlackRock and Vanguard of superpower 'has legs' and reckoning may start with curbs on self-certification of passive index funds
The bank deposit insurer could make the $17-trillion ETF power bloc lose the ability to self-certify as 'passive' funds because their sheer scale could make them an active menace to the banking regulator, at least in this political climate.
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Dimensional Fund Advisors, long the flagship of factor investing, struggles to chart a course as a nimble rival and big foot competitors cut into its market--and exploit its slow move to ETFs
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