US giants have the scale and scope to dominate the ETF market, augmented by the rise of low-cost passive investment products , ETFs and index funds. This scale is something only a few European asset managers can sustain. Among these are France's Amundi and Germany's DWS.
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Here's how American asset managers built their dominance in European savings
"The three largest American asset managers by assets under management control 50% of the market share"
