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Stock pickers are still losing money to index funds. Here's why.

from Barron's

Domestic equity funds had $19.1 billion in net outflows in September, according to a report published Friday by Morningstar. Funds focused on large-cap growth stocks took the biggest hit with $8.5 billion in outflows. They have been bleeding assets, including $58 billion in outflows over the past year. more

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