The Nobel prize. The Academy Award. Now, a new honor has joined these august ranks. I speak, of course, of the first
Morningstar investment poll.
The winners were going to be announced at a star-studded gala in Beverly Hills, but Morningstar chose not to be ostentatious, and opted instead for a simple, dignified posting on the its web site.
Winners were chosen separately by both Morningstar readers and analysts. While the two groups agreed frequently, they split on some of the key races. A result of heavy lobbying in Daily Variety?
Two former manager-of-the-year winners shared the coveted title of Fund Manager of the Decade. Morningstar analysts chose
Bill Miller of Legg Mason, while the readers opted for
Tom Marsico, formerly of Janus, now with his own Marsico Funds. The two are expected to wear the winner's sash on alternate weeks.
There was agreement that the
Vanguard 500 Index was fund of the decade. An award was presented in absentia to the S&P 500 and the market in general.
Readers chose
Janus as the fund family of the decade, while the analysts went with Vanguard. For the year, readers selected the
Janus Venture fund, while the analysts chose
Vanguard Capital Opportunity. Both groups agreed that
Janus Global Technology was the best new fund of 1999.
In addition to picking individual winners, stories and trends also took home honors.
John Bogle's exit from Vanguard was chosen as the biggest story of the year. The dubious honor of fund gimmick of the year was split between the increasing number of Internet funds (readers) and
Monument's Internet fund split.
Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE
Subscribe to MFWire.com's News Alerts [click]
Email & Route 
Print 
Raw XML
