$605

Investors are fleeing active equity funds with $605 billion outflows in 2025

Active fund managers are struggling: Investors are on track to withdraw a record -$605 billion from global active equity funds this year. This surpasses the previous record of -$450 billion. It also marks the 10th annual outflow over the last 11 years. Over this period,… pic.twitter.com/JAl5INZSPy — The Kobeissi Letter (@KobeissiLetter) December 21, 2025

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