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 |
|
Monday, June 7, 2010 USA Today Fund Columnist Worries Over the Biggest of the Big Fundsters who follow (or participate in) in the age-old debate over mutual fund size may want to read today's edition of USA Today. Columnist John Waggoner ponders whether or not the biggest non-money market mutual funds (notably the biggeset, Bill Gross' $250 billion Pimco Total Return and American Funds' Growth Fund of America) are just, well, too big. Waggoner highlights two classic issues raised about giant mutual funds: not being allowed to own more than five percent of a given company (a common self-imposed mutual fund restriction) and having trouble buying and selling large positions (for fear of moving the market). Morningstar research director John Rekenthaler and American Funds/Capital Group spokesman Chuck Freadhoff both weigh in. "There's no question that funds become too big and unwieldy. But there's a lot more speculation than knowledge about when a fund is too large," Rekenthaler told USA Today. "We all should be congratulating them, but we all should also be a bit wary." Printed from: MFWire.com/story.asp?s=32428 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |