Man looking at dollar signs Collective investment trusts are becoming increasingly popular. Here’s why. (Photo: Shutterstock)

Active funds are on the way out for retirement plans, as those plans left costly actively managed funds behind in favor of moving billions into collective investment trusts.

Reuters reports that plans, in an effort to save money, have pulled billions from costly active funds and instead plowed them into CITs.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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