BlackRock's U.S.-based active funds post record 2016 withdrawals -Morningstar

NEW YORK, Jan 3 (Reuters) - Investors pulled $19.3 billion

from BlackRock Inc's U.S.-based actively managed mutual

funds in 2016, Morningstar Inc estimates showed on Tuesday, a

record high as the investment industry struggles to restrain an

exodus to lower-cost investments.

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