A huge exodus from U.S. actively managed mutual funds in June: Investors pulled $19B more out of...

|By:, SA News Editor

A huge exodus from U.S. actively managed mutual funds in June: Investors pulled $19B more out of the funds than they put in, the most since the March 2009 market bottom, while index stock funds saw $1.1B in net inflows. "Investors are realizing that for a third of the cost they can buy passive funds and pretty much outperform everyone," Josh Brown says. Will this trend pressure the asset management stocks like ACAS, BEN, GBL, JNS, LM, TROW and WDR despite their high dividend yields?