Comment & Analysis
BlackRock’s active funds get punished for second successive year
BlackRock suffered outflows of $29.5bn (£23.21bn) from its active US fund business in 2023, Citywire USA reports. To be sure, it was a bad year generally for active funds, which collectively suffered $450.5bn of outflows, their second-worst ever annual showing, after 2022’s $931.9bn. However, BlackRock’s active outflows are still notable….
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