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1.Market Observations, 2.Strategy, 8.Was Sticky

8 Oct 2016 (AFR) – Investors shun active Australian share managers

(8 October 2016, AFR, p1, by Sally Patten)

‘Poor performing fund managers charging high fees are pushing individual investors to abandon Australian share funds, which have now seen net withdrawals for 25 consecutive quarters. Data from research firm Plan for Life shows that retail investors have withdrawn money from Australian equity funds in every quarter since December 2010, the worst performance since the group started collecting data in 1991. Net outflows in the three months to June reached $543 million, the highest level for two years.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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