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Rating:Attention Active Managers: No One Likes You Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, January 04, 2013

Attention Active Managers: No One Likes You

News summary by MFWire's editors

Investors are continuing to move money out of actively managed funds and into indexed funds and ETFS, according to a Wall Street Journal report.

Bad episodes of volatility, from the financial crisis to the botched Facebook IPO, have led to investors being more careful, writes reporter Kirsten Grind.

The article discusses the strategy of several fund firms, including American Funds [profile], a spokesman for which reiterates that the Los Angeles shop is not moving to indexed funds or ETFs.

This is despite seeing $55 billion in outflows though Nov. 30. Fidelity [profile] is also noted for struggling to attract money, bringing in just $1 billion.

Pimco [profile] and Vanguard [profile], meanwhile, are seeing big inflows, Grind writes.

For more on the trend, read the original article

Edited by: Ben Geier


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