FYI: Despite the very long-term trend showing that individual investors are moving assets to passively managed investment vehicles (such as index funds), the vast majority of individual assets are still in the hands of active fund managers. About 70 percent of mutual fund assets are now invested in actively managed funds, although for institutional investors (pension plans and endowments, for instance) that figure is likely now below 60 percent. That means individual investors must have more than 70 percent of their collective investments in actively managed funds.
Regards,
Ted
http://mutualfunds.com/actively-managed-funds/are-mutual-fund-investors-smart-money/
