Stock Picking Funds Suffer Record Outflows of $450 Billion

Unlock Editor’s Digest for free FT editor Roula Khalaf selects her favorite stories in this weekly newsletter. Investors withdrew a record $450 billion from actively managed stock funds this year, as a shift toward cheaper index-based investments reshapes the asset management industry. Outflows from stock-picking mutual funds eclipse last year’s previous high of $413 billion, […]