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Amundi’s €420bn ETF bet is a sign 2022 will be another brutal year for stock-pickers
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A three-year plan by Amundi to bolster its passive assets by 50% is a sign that passives are the place to be — again.
After an almost 27% gain in the S&P 500 Index last year, funds that track stock indexes show few signs of slowing and may rage ahead for 2022, clawing more and more market share from their battered stock-picking peers.
Europe’s...
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