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October 5, 2015
NEW YORK — Bad news keeps piling up for stock pickers, but not everyone is giving up on them.
The majority of actively managed mutual funds continue to fall short of index funds, and investors are voting with their feet, pulling out billions of dollars from those funds every month in search of cheaper and better options. Defenders of portfolio managers say the moment may be nearing when they prove their worth: when markets get shaky.
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