Benchmark equity indexes hit fresh peaks and the S&P 500 is on course for an eighth consecutive year of positive total returns. However, in the battle between active and passive funds to grab investment dollars in a record price environment, there was no contest.
U.S.-based actively managed stock funds suffered $288 billion in withdrawals year-to-date through November, the largest on record, according to Thomson Reuters Lipper service. The figure tops outflows of $139 billion in 2015 and $218 billion in 2008.
Source: FA Magazine