MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, April 28, 2009 How Have Three Once-Mighty Stock Funds Fared? Past top performance hasn't prevented investors from withdrawing money from some stock funds. That's one of the findings of some data from Morningstar, as reported by Bloomberg's Charles Stein. According to Morningstar, the top one percent of performers in each U.S. stock fund category (as of 2007) still suffered combined outflows of $1.11 billion in the first quarter of 2009. Kenneth Heebner's CGM Focu, Fidelity Leveraged Company Stock and Janus Contrarian topped Morningstar's list. Stein also drew on data from Dalbar and cited Morningstar senior analyst Andrew Gogerty, T. Rowe Price CFP Stuart Ritter, Morningstar analyst Miriam Sjoblom, Lipper senior research analyst Jeff Tjornehoj and Adviser Investments' Daniel Wiener as experts. Printed from: MFWire.com/story.asp?s=21412 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |