Module

Players, power dynamics and competition

5 lessons • 750 XP available

Lessons

1
The incumbents: how BlackRock, Vanguard and State Street built moats
+150 XP
2
The challengers: boutiques, private-market disruptors and fintech entrants
+150 XP
3
The distribution chokepoint: why platforms and gatekeepers hold the power
+150 XP
4
Suppliers with leverage: index providers, data vendors and custodians
+150 XP
5
Where the margin actually lands: mapping value capture across the chain
+150 XP