KM Financial Solutions | UPDATE 1-Active U.S. equity funds lose $12.9 bln to outflows in May -Morningstar
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UPDATE 1-Active U.S. equity funds lose $12.9 bln to outflows in May -Morningstar

UPDATE 1-Active U.S. equity funds lose $12.9 bln to outflows in May -Morningstar

Passive U.S. equity funds recorded $2.7
billion in outflows while active U.S. equity funds lost $12.9
billion to outflows in May, Morningstar reported on Tuesday,
underscoring a long-term shift away from active equity managers.

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