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Morningstar reported that active US equity funds suffered the largest monthly outflow since October of 2008.
Active managers had a tough time in June. In fact, they’ve had a tough twelve months: active managers have lost over $315 billion in assets over the past year according to Morningstar.

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Small funds have tough choices to make if they want to survive.
First, as a fund owner, you can choose to grow through acquisition, picking and choosing among the many funds looking for an exit strategy.
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Morningstar reported estimated U.S.mutual fund and exchange-traded fund asset flows for February 2016.
Taxable-bond funds led inflows by category group for the first time since October 2015, driven by inflows of $12.9 billion to passive taxable-bond offerings.