Asset Managers: Institutional Performance and Smart Betas
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Using a dataset of $17 trillion of assets under management, we document that actively-managed institutional accounts outperformed strategy benchmarks by 86 (42) basis points gross (net) during 20002012. In return, asset managers collected $162 billion in fees per year for managing 29% of worldwide
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美国国家经济研究局创建时间：
2016-12-01
