Several large investors are shifting to index funds from active managers, The Wall Street Journal reports. Active managers charge fees, which is about 10 times more than those of index funds.

The Illinois State Board of Investment has shifted about $400 million of its fund to index funds, due to the failing returns by some large- and small-stock managers. The Fire & Police Pension Association of Colorado has invested about 60% of its stock holdings in index funds, up from 40% in 2008.

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