Fund managers might not like to admit it, but it looks like investors are starting to move from active to passive funds.

According to a Wall Street Journal article, Morningstar data shows that $132 billion has come out of actively managed funds while $57 billion has come into passive funds.

This is part of an “Intelligent Investor” column about whether fud managers are good, or just lucky — and whether or not investors know the difference.

It features some advice from Michael Mauboussin, the chief investment strategist at Legg Mason, on how investors can tell if a funds performance is because of a brilliant manager or not.

To see what some savvy WSJ readers will be judging your PM’s on from now on, read the original article here.  

Edited by: Ben Geier


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