If you have an interesting investing idea, try calling Warren Buffett or Bill Ackman, because mutual fund investors just aren't that into you.
In yet another symbol of changing investor appetites, actively managed U.S. stock funds have now completely fallen off the list of the industry's top products.
Of the 25 best-selling mutual funds (and exchange-traded funds) in the U.S., not one employs a portfolio manager to pick U.S. stocks, according to a list by Morningstar Inc. for the 12 months ended Feb. 28.
Top selling funds ranked by net flows
Source: Morningstar Inc. estimates
Note: 12 months ended Feb. 28
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