One month ago we pointed out that the pain for active money managers is fast approaching unbearable status when according to a recent BofA analysis, the outflows from active funds in 2016 have surpassed a record $200 billion, with the bulk of cash outflows shifting over to much cheaper (and better performing) passive funds, though as BofA notes, flows have slowed since last year suggesting that there may be a broader cash outflow from the equity asset class, as increasingly more Americans