Of the 525 U.S. stock mutual funds that existed thirty years ago, 223 are still operating today, according to Morningstar; only six are still run by the same manager. More than half of all these professionally run portfolios didn’t make it; many were shut down, while others merged into other funds

WSJ JASON ZWEIG

Of the 525 U.S. stock mutual funds that existed thirty years ago, 223 are still operating today, according to Morningstar; only six are still run by the same manager. More than half of all these professionally run portfolios didn’t make it; many were shut down, while others merged into other funds.”

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