FYI: Every cloud has a silver lining.
For actively managed funds, that cloud has been outflows: Actively managed funds endured more than $300 billion in outflows last year, according to Morningstar's estimates. Specifically, U.S. active equity funds saw $174 billion walk out the door; active international stock funds, $38 billion.
For investors, the silver lining is that a smattering of closed domestic- and foreign-stock focused Morningstar Medalists have reopened during the past couple of months. In many cases, these funds suffered outflows after a period of underperformance. Yet we remain positive on their prospects and their managers.
Regards,
Ted
https://www.morningstar.com/articles/912931/7-good-funds-that-have-just-reopened.html
