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Retirement Plans Retreat from Active Funds, Flock to Investment Trusts
Newsmax 
Mar. 23, 2018 "Assets in collective investment trusts, or CITs, run by T. Rowe Price Group Inc soared 54 percent last year to $88.9 billion. And assets in 16 CITs managed by Fidelity Investments rose 31 percent to $85.6 billion ... The trend reflects a broader shift of money from more expensive funds run by stock-pickers to cheaper options that passively track indexes. Actively managed funds suffered $207.5 billion in net withdrawals across the United States last year[.]" MORE >> |
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