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Fidelity Suffers Massive Active Funds Outflow

TedTed
in Fund Discussions
FYI: In our previous article we discussed that domestic equity-focused funds are facing tough time in terms of fund outflows. According to Morningstar data, US-focused mutual funds and exchange traded funds have seen $78.8 billion worth of outflows in the first seven months of 2015. Continued transfers from open-end mutual funds to collective investment trusts at Fidelity triggered much of the outflows. This is higher than any full year outflows since 1993. The money had instead been poured into international funds. (Read: Foreign Funds to Buy on Worst US Funds Outflow Since '93 ).
Regards,
Ted
http://www.zacks.com/stock/news/187314/fidelity-suffers-massive-active-funds-outflow?article_id=187314&type=BLOG

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