According to Bloomberg, “around $1 trillion was pulled from active equity mutual funds over the year, marking an 11th year of net outflows, while passive equity exchange-traded funds got more than $600 billion.”

Two factors, disappointing performance and high fees, not only drove this migration but also created additional challenges for actively-managed funds – all this as, on the other side, passive funds remained structurally bound to the index, unable to overweight the handful of mega-cap stocks that drove market gains.

BTC

93,953.46

+1.33%

BNB

909.29

+1.34%