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September 17, 2019
NEW YORK (AP) — They're simple, cheap and now the most popular way for many people to invest in the U.S. stock market: index funds.
Last month, for the first time, the number of dollars invested in funds tracking the S&P 500 and other U.S. stock indexes eclipsed those in funds run by managers trying to beat those indexes, according to preliminary data from Morningstar. With $4.27 trillion in assets at the end of August, U.S. stock index funds edged past the $4.25 trillion in funds run by stock-picking managers.
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