Passive Fund Products Double Their In-flow Amount

401k, retirement, mutual funds

It's picking up speed.

The flow has become a deluge, as investors put $27.6 billion into equity passive funds in October, more than doubling September’s $12.7 billion inflow.

Investors pulled slightly more from active funds than the previous month. In October, $18.8 billion was pulled from U.S. equity funds, compared with $18.5 billion in September, according to Morningstar.

The Chicago-based research firm estimates net flow for mutual funds by computing the change in assets not explained by the performance of the fund and net flow for ETFs by computing the change in shares outstanding.

Highlights from the report include:

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