Retreat From Fund Managers Accelerates.

The article discusses a turning away from actively-managed mutual funds by individual investors. Financial-analysis provider Morningstar Inc. says that over a recent 12-month period some $70 billion has been withdrawn from actively-managed stock funds. Figures are cited from financial-data provider Dow Jones Indices that show few fund managers have been able to consistently outperform the index benchmarks their funds are measured against.