Record $33 Billion Pulled From Active U.S. Stock Funds in July

  • Vanguard and State Street passive funds reaped most inflows
  • About 43% of equities, 28% of taxable bonds are passively held

Investors pulled $32.9 billion last month from actively managed U.S. mutual funds that buy domestic stocks in July, the biggest monthly outflow in data going back to 1993, as money continues to move into low-cost passively managed funds, according to Morningstar Inc.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.