Not only international capital's strong trend enters, brings is a fund, what are more is the internationalization product idea and the managerial experience.

国际资本的强势进入，带来的不仅是资金，更多的是国际化的产品理念和管理经验。

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Inside factor have fund company lack normal company administration structure, outstanding managerial talent too little, is it is it spend getting high to concentrate on to hold share.

内部因素有基金公司缺乏规范的公司治理结构，优秀管理人才太少、持股集中度过高等等。

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To the aim of protect effectively the investor's interest, discussing the relationship between the fund expenses and fund managerial quality, demonstrating the rationality of the fund expensess.

在基金费用设置时，为了有效地保护投资者利益，探讨基金费用与基金管理质量的关系，论证基金费用设置的合理性将成为一个有效手段。

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Moreover, the transparency cuts into the managerial edge that he believes a top professional gives a traditional fund.

WSJ: Fund Track: Fund Companies Jump Into ETFs