JPMorgan Stock Pickers Win Investor Cash to Buck Indexing Trend

Don’t tell JPMorgan Chase & Co. that investors want nothing to do with mutual funds run by stock pickers.

For the third consecutive year in 2014, the New York-based bank attracted more net new money to its actively managed equity funds than any of its U.S. mutual fund competitors. In a year in which larger rivals such as Fidelity Investments and American Funds suffered redemptions from active stock funds, JPMorgan gained $18.3 billion, according to data from Chicago-based Morningstar Inc.