Mutual funds’ biggest losers

November 15th, 2007 | Category: Money - Finance, Mutual Funds

Kiplinger created a hall of shame for mutual funds and you should definitely check it out to be certain you don’t own one of these duds. You additionally want to be certain you don’t buy any of them in the future. While some fund directors may get the tip and even find a good manager, the fact that they’ve got such poor records for so expanded means you couldn’t even trust a turnaround attempt. The directors of these mutual fund groups are dropping the ball when it comes to oversight.

One pure catastrophe that Kiplinger highlights is the Franklin Real

Estate Securities fund. that fund has been in the bottom 20% for one, three, five and ten years. To give you an concept of how out of touch with reality its board members are, the directors wrote in its annual report, “the Board found such performance to be acceptable.” whether that level of performance is acceptable to Franklin’s board, I’d question their stewardship of all their funds.

Continue reading Mutual funds’ biggest losers

Original post by Lita Epstein

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