Principal Financial held takeover talks with fund firm WisdomTree last year, and it shows how ETFs are driving a wave of M&A

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Principal Financial held takeover talks with fund firm WisdomTree last year, and it shows how ETFs are driving a wave of M&A

Shares of WisdomTree cratered in the last 12 months, falling 40% amid a broader sell-off among asset managers. The industry is suffering from fee pressures, outflows, and increased market volatility.
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