Out of sight, out of mind: At least that seems to be the case when it comes to mutual fund investors and their costs of investing. Mutual fund buyers seem to have become very educated about visible sales commissions in recent years. However, they still don’t seem to pay attention to high, but hidden, operating expenses, a trio of finance […]
Month: April 2003
How mutual fund companies bury their mistakes
The mutual fund industry has an open secret: each year it buries hundreds of funds that couldn’t make it. Some of these funds were small unknowns while others were yesterday’s popularity club winners, unable to repeat their success in changing markets. Remember Munder funds and Amerindo funds, two big technology and Internet stock investors of the late 1990s? Well, only […]
Client Letter – Q1 2003
War in the Middle East, a depressed economy at home, a three-year bear market: what should investors do in these highly uncertain times? Some investors jump out of stocks and head for the “safety” of fixed income investments or temporarily stop making investment purchases. Others hang on to their investments but agonize over fears of capital loss. These are probably […]
