Peter DiTeresa
Peter DiTeresa
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The thing that's most off the wall about these funds is they're charging people additional money they could get through an ordinary mutual fund.
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Bill Miller is someone who very much has embraced the new economy. But he's buying some old economy stocks because he thinks they look so cheap relative to the fundamentals.
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The advantage of a mutual fund for small-cap investing is they can do the research an individual might not be able to do and get into a company before the broader market picks up on it.
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Going through the list, there's a lot of really excellent older funds.
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Internet funds certainly smack of being gimmicky. It's still unclear who the ultimate winners and losers will be. It's a squishy area.