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The Top Financial Services Stories you need to Know. Now!

The ETF Pioneer Struggles

State Street Bank, the ETF pioneer struggles in the market it virtually invented. As per the Morning Star report, the firm reports as many outflows in dollar terms as inflows into its massive $640 billion ETF assets. This places State Street in the third spot. WSJ attributes its to lower costs and better marketing of the rivals.

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Same Story, Different Take : Think Advisor, Boston Business Journal