No stock pickers please. Investors pulled $119.3B from actively-managed stock funds in the year...

|By:, SA News Editor

No stock pickers please. Investors pulled $119.3B from actively-managed stock funds in the year through November while pouring $30.4B into stock ETFs and another $124B into bond ETFs. It's not a difficult calculus: Money managers charge high fees and tend to underperform their benchmarks. BlackRock (BLK) and Vanguard smile.