您的当前位置：首页 > 行业数据 > 浮动管理费制度及考核新规下，主动投资策略的演变逻辑

浮动管理费制度及考核新规下，主动投资策略的演变逻辑

行业数据

下载图片

原图定位

同报告图片

/ 4

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

所属报告：