MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, June 15, 2009 Active Managers at American Funds and Fidelity Win Praise An article in this Monday’s Wall Street Journal shed a positive light on the recent performance of some actively managed mutual funds. The WSJ's Gregory Zuckerman gave recognition to several funds in particular for what was seen as standout performance in the market’s three-month rally. American Funds' Growth Fund of America and its Fundamental Investors fund both were noted for outperforming the S&P benchmark. Even the beleaguered Fidelity Magellan Fund was recognized for its recent gains. The WSJ attributed the sudden positive performance of these funds and stock funds in general to the success of growth stocks and the relatively large representation of growth stocks in the stock fund arena. While some actively managed mutual funds have demonstrated recent success, it appears that investors are still not entirely won over -- each of the ten largest mutual funds, including the recent "winners" named in the article, have seen net investor withdrawals this year. Printed from: MFWire.com/story.asp?s=21800 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |