The Wall Street Journal
continues to describe some kind of horse race between American Funds
, and now the paper sees the Boston Behemoth lagging behind. In Tuesday morning's Fund Track
column, Jennifer Levitz cites Morningstar
data, reporting that only 39 percent of Fidelity's equity funds are in the top half of their peers in terms of year-to-date performance, while the figures for American Funds and Vanguard are 75 and 63 percent, respectively. 8Of course, the three fund firms do have very different models ...
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