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5min chapter
Discussing The Current State Of The Investment Industry with Eric Balchunas
FYI - For Your Innovation
Indexation and ETF - What's the Innovation of ETF?
Financial innovation is when an end customer gets pricing for a product that was previously only available to wholesale customers. E t f, in many ways, has made everything trade like an equity. There's no share classes in mutual funds. The more money you have, the less they charge you. So if youre an institution, you get charged the least. Retail gets charged the most. It's kond of sux.
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