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"Hmmmmm, so if this happens, don't you think that firms who take a management fee regardless of performance will do really well in that environment? "
The fee on an index fund is 0.3%. Most of that money will go to a few low cost operators like vanguard and tiaa-cref. The raw material of the finance business is debt. Anything that raises interest rates is not good for banking type businesses. |
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