Traditional stockpicking funds have faced considerable challenges in recent years, struggling to justify their high fees as their performance lags behind major Wall Street indices, particularly those driven by large technology stocks. In 2024, these funds experienced record outflows totaling $450 billion, marking a shift in investor preference towards index funds. This trend was highlighted by a report indicating that US equity funds recorded $50.2 billion in outflows for the week ending December 18, the largest since September 2009, during the financial crisis. Large-cap funds accounted for the highest outflow at $20.9 billion. The transition to index funds is reshaping the asset management industry, as investors increasingly withdraw from active funds, which have struggled to deliver competitive returns. In contrast, technology stock funds saw their largest weekly inflow in history recently, suggesting a sector rotation within US equities, with notable inflows into ETFs such as $VOO and $SPY.