Should you pick active fund or passive fund? Hear it from an industry honcho

“The biggest change in the US mutual fund industry is -- it went from an industry where mutual funds were being sold to one where they are being bought. It is all about a shift in priority,” Don Philips, Managing Director of Morningstar Inc, said at the Morningstar Investor Conference.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/invest/should-you-pick-active-fund-or-passive-fund-hear-it-from-an-industry-honcho/articleshow/79079007.cms