Russell Kinnel
Russell Kinnel
fear investors likely motivated volatile
In general, the more volatile a fund, the more likely it is that investors will be motivated by fear or greed.
bloated finding foreign good hard open time
If you thought you were the only one having a hard time finding a good small-cap fund, foreign or domestic, that was still open and not too bloated from assets, think again.
disasters fall funds hard might
The big funds are very well managed and very well diversified. They might fall as hard as the S&P, but there aren't a lot of big disasters there.
fewer fund investor mutual
It's a challenging thing to do, and probably can be done a little more tax-efficiently by the mutual fund than by the investor who has fewer holdings.
appealing good
It's a good strategy, a good manager, just not a very appealing wrapper.
few focused fund funds goal losers maximize offset profits realized selling simply stock whereas
A tax-managed fund is simply a fund who's goal it is to maximize after-tax returns, whereas most funds are focused on pretax returns, ... I think the one thing that probably all of them have is the idea of selling losers to offset gains. If you've just realized profits on one stock you'll sell a few dogs.
brooks changed changes early effort experience funds improve investment providing reliable research skill stages
Putnam is in the early stages of a restructuring effort aimed at providing better, more reliable performance. It may be years before Putnam funds have a lot of appeal. Stock-picking skill and experience aren't changed overnight. Even if Haldeman and (head of research Josh) Brooks succeed, it will be years before their changes can markedly improve investment results.
develop investment plan risks understand
You need to develop an investment plan and understand what risks you're taking.
asset bases challenge fat funds handled investors key picking whose
A key challenge for investors is picking funds whose asset bases haven't become too fat to be handled effectively.