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Posted on: Jan. 18, 2019, 3:01 p.m.
As far as analogies go in the financial markets, this one from Moody’s Investors Service is brutal: Active mutual funds are to landlines as passive funds are to mobile phones. That’s the takeaway from analysts led by Stephen Tu after seeing a record $369 billion pour out of long-term mutual funds in 2018, while flows into exchange-traded funds remained largely in line with recent years. That stark difference, Moody’s says, is “credit negative” for traditional asset managers and may “indicate ... Full investment news articleRelevent to this post: OppenheimerFunds Fidelity Investments,