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Index providers fight over $6.4bn business: ‘We want our fair share’

City Correspondent

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The giants of money management are increasingly outsourcing their investment decisions to a small group of companies that now steer the direction of assets worth more than most countries.

Index providers have grown from relative obscurity to among the most important financial market players, pulling in a record $6.4bn in revenue last year.

Investors are rushing to low-cost index trackers, making benchmarking the world’s assets a valuable business. Now challengers want a piece of the action

Lars Mucklejohn

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