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Big News For Stock Pickers: You Only Lost $100 Billion This Year
FYI: About $100 billion was withdrawn from mutual funds in the first seven months of 2017, while exchange-traded funds attracted $80 billion, data compiled by Bloomberg and the Investment Company Institute show. While that’s not exactly evidence of blind loyalty among clients, the 1.2-to-1 outflow/inflow ratio is down dramatically from 2015 and 2016, when $1.90 left mutual funds for each dollar that went into ETFs. Regards, Ted https://www.bloomberg.com/news/articles/2017-08-24/big-news-for-stock-pickers-you-only-lost-100-billion-this-year
