TOKYO -- Japanese investors socked away more money in index funds than in more actively managed funds for the first time, as they seek out cheaper options to make up for shortfalls in their retirement savings.
Markets
Index funds overtake active funds for first time in Japan
Investors choose lower-fee products as they seek to grow retirement savings
World market indexes on display in Tokyo. Passive funds track such indexes, while active funds require hands-on management. © Reuters
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