(Bloomberg) -- Don’t tell JPMorgan 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 and American Funds suffered redemptions from active stock funds, JPMorgan gained $18.3 billion, according to Morningstar.

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