In July, Morningstar reported that actively managed mutual funds suffered their worst 12-year period of outflows ever.
U.S focused funds saw $156 billion flow out in that period, while passively managed funds that tracked the S&P 500, Nasdaq, and Russell 1000 indices gained $150 billion of inflows.
The exodus continued in August: $14 billion flowed out of actively managed U.S. equity funds, while $5 billion flowed into index funds.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
