The next financial crisis will be played out in indexes and exchange traded funds. That is inevitable given the huge share that ETFs now take of investor fund flows, and their popularity as hedge fund trading vehicles.
下一场金融危机将在指数和交易所交易基金(ETF)领域上演。这是不可避免的,因为目前它们在投资者的资金流动中占有巨大份额,同时它们作为对冲基金交易工具很受欢迎。
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