When there are objections, the custodian bank shall require the fund management company to make reasonable explanations, and an agreement shall be reached through active discussions.

当存有异议时，托管银行有责任要求基金管理公司作出合理解释，通过积极商讨达成一致意见。

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Since a portfolio consists of multiple mutual funds, a portfolio of actively managed funds should be benchmarked to a portfolio of comparable index funds to determine if active fund management is working or hurting.

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Trading, by its nature, is active management and index fund managers did a lot of trading just to stay in the game.

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The growth in fixed-income ETF investing is expected to continue as more investors and advisors convert from active management to index fund investing.

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