June 18, 2019 / 2:53 PM / 3 months ago

Active U.S. equity funds lost $12.9 billion to outflows in May -Morningstar

June 18 (Reuters) - Passive U.S. equity funds saw $2.7 billion in outflows while active U.S. equity funds lost $12.9 billion to outflows in May, according to Morningstar on Tuesday, underscoring a long-term shift away from active equity managers.

Money market funds collected $82 billion in May, the group’s second-best month in 10 years, Morningstar said.

Reporting By Jennifer Ablan Editing by Chizu Nomiyama

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