The latest Wall Street invention is selling funds that lock up investor's funds with high expense ratios. It is being framed as "the democratization of access to alternative strategies".
I've been watching the Lipper charts in Barrons for a long time and in the last several months, outflows from mutual funds have been pretty steady except for muni bond funds. If you filter my site for Lipper, you can see the charts over the last several months in my posts.
