FYI: (This is a follow-up article.)
As Fidelity Investments considers changing how its stock picking unit operates, redemptions continued in its active mutual funds despite relatively strong performance.
Fidelity had $33.9 billion in outflows from active funds in the 12 months ending Jan. 31, according to data from Morningstar Inc. Over the same period, its funds that mimic indexes attracted almost $60 billion. Index funds charge much lower fees than active funds.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-02-26/fidelity-active-funds-see-outflows-despite-strong-performance
