Flows among the 20 largest funds the past five years show investors’ affinity toward passive strategies. Thirteen of the funds posted outflows, in a few cases more than $20 billion. The other seven had inflows, topping $50 billion in some cases.
Overall, the inflows slightly surpassed the outflows, $201 billion vs. $196 billion. But following the flows shows that index funds and ETFs won the lion’s share of new investor money. Indeed, of the seven funds that gained investor cash, six were passive. And of the 13 that lost investor cash, eight were active.
Of the five passive funds that incurred outflows, in three cases it amounted to less than 5% of the fund’s total assets.
Scroll through to see the 7 funds with inflows and 13 with outflows. All data from Morningstar Direct.