Read and review commentaries written by Morningstar experts. These observations and insights are specific to Mutual Funds.
The Fund Manager of the Decade Finalists
These managers have made the most of a lousy 10 years.
by Karen Dolan, CFA | 2009-11-19 05:00:00
Remember the Prince song: "We're gonna party like it's 1999." Well, securities markets did back then, and 10 years later we're still suffering from the hangover.
Bond funds were a bright spot over the past 10 years, but it was a brutal time for equity investors. Not one, but two severe bear markets lasting roughly two years each decimated investment accounts. As we near the decade's end, broad equity market indexes show flat to negative returns for the entire 10-year stretch.
Stringing together a good record in that environment was a challenge as markets flip-flopped between rewarding and punishing excessive risk-taking. Of all domestic-equity funds, for example, barely a third have positive 10-year returns. The rest haven't been around that long or lost money. The managers listed below, however, exce… Full Story
Fairholme Raises Minimum Investment
New T. Rowe Price fund, new indexing methodology patent, and more.
by Ryan Leggio | 2009-11-19 05:00:00
Fairholme Raises Minimum Investment Starting Dec. 1, new investors will need $10,000 instead of $2,500 to start regular and IRA accounts at Bruce Berkowitz'sFairholme fund. The fund's minimum for additional investments will remain $1,000.
Fairholme is imposing the new higher minimum in the wake of saying it will launch a new focused bond fund that also will have a $10,000 minimum. Berkowitz prefers a higher investment minimum because it helps keep the fund's total expense ratio lower for all investors. Smaller accounts are more costly for fund firms than bigger ones.
T. Rowe Price Launching Global Infrastructure Fund T. Rowe Price announced it will launch its Global Infrastructure fund in January 2010. The fund will invest in companies that … Full Story
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The Fund Manager of the Decade Finalists
These managers have made the most of a lousy 10 years.
Bond funds were a bright spot over the past 10 years, but it was a brutal time for equity investors. Not one, but two severe bear markets lasting roughly two years each decimated investment accounts. As we near the decade's end, broad equity market indexes show flat to negative returns for the entire 10-year stretch.
Stringing together a good record in that environment was a challenge as markets flip-flopped between rewarding and punishing excessive risk-taking. Of all domestic-equity funds, for example, barely a third have positive 10-year returns. The rest haven't been around that long or lost money. The managers listed below, however, exce… Full Story