Event JSON
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"Newly Minted ETFs Buck Vanguard Effect as Fees Hit Record High"
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"The average fee of an exchange-traded fund launched this year has surged to a record 65 basis points, with nearly 350 new offerings. This shift is attributed to the success of low-cost index-tracking funds, which have given investors the resources to allocate a slice of their portfolios to more expensive, niche funds. Asset managers are now seeking higher-margin products to bolster profitability, leading to the creation of leveraged, single-stock ETFs, and catastrophe bond ETFs."
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