MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, April 28, 2009 An ETF Advocate IDs 2,335 Mutual Fund Lemons Doug Fabian has unveiled his latest list of mutual fund lemons. The list for the first quarter has 2,335 mutual funds with a combined $718 billion in assets. To make the list, a fund has to underperform its peer group average for the last 12 months, as well as for the last three- and five-year periods. "Investors need to wake up to the reality that many mutual fund managers do not perform as well as many exchange-traded funds (ETFs) with the same investment objective,” said Fabian, president of Fabian Wealth Strategies, a Costa Mesa, California-based fee-only RIA specializing in ETFs. The lemon list includes Dodge & Cox Stock, American Funds Bond Fund of America, Fidelity Magellan, Davis NY Venture and Fidelity Equity-Income. To view the complete list, click here. Printed from: MFWire.com/story.asp?s=21409 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |