Jul
12
Investors Don’t Hate Fund Managers, Just U.S. Stock-Pickers
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Active international equity funds and bond funds get cash
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Latest trends boost indexing giants BlackRock, Vanguard
Investors haven’t soured on all active fund managers — only those who pick U.S. stocks.
Actively managed mutual funds and exchange-traded funds that own domestic stocks experienced $98.5 billion in net redemptions in the first six months of 2017, according to the latest figures compiled by Morningstar Inc. Active funds that buy international stocks attracted inflows of $8.7 billion and active funds that buy bonds gathered $106.5 billion…