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Investors Say 'Bye,' But Not 'Ciao,' To Stock Pickers
FYI: Stock pickers might as well wear a scarlet "A." "Active management" is becoming more of a taboo when it comes to mutual funds. Many investors are abandoning actively managed funds, wary of their high fees and recently disappointing performance. Instead, they're funneling money into lower-cost index funds, which aim to match the stock market's returns rather than beat them. Regards, Ted http://bigstory.ap.org/article/8e276d370b9a467c8f85dbfe6c919022/investors-say-bye-not-ciao-stock-pickers
