The trillions of dollars that have flooded into passive funds in recent years have inflated valuations, radically reshaping the US stock market and insulating it from the threat of a sustained bear market, research has claimed.
有研究称，近年来涌入被动型基金的数万亿美元资金推高了股市估值，从根本上重塑美国股市，并使其免受持续熊市的威胁。
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