25.07.2016 06:15:00
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FMR LLC -- Moody's: Asset managers' active underperformance and new regulation drive shift toward passive investing strategies, flows to accelerate
New York, July 25, 2016 -- Consistent net outflows globally from traditional actively managed mutual funds into lower-fee passive investment products are gathering steam and impacting the credit profiles of asset managers, says Moody's Investors Service. Persistent underperformance of traditional active management and new regulations are key drivers of the shift in assets to lower cost, passive products.