FirstFT: Shift to passive strategies leads to $450bn of outflows from active funds

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Financial Times 1w ago

FirstFT: Shift to passive strategies leads to $450bn of outflows from active funds - Financial Times

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Policies driven by petty jealousies and envy end up costing those who are envious the most.“I’ve worked my backside off for 25 years, having worked my butt off all through school.

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The outflows from stockpicking mutual funds eclipse last year’s previous high of $413bn, according to data from EPFR.