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.
Susan Dziubinski does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.