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 |
|
Wednesday, April 13, 2011 Oakmark's Assets Grow But Fees Stay the Same Harris Associates' Oakmark Funds [see profile] are growing by leaps and bounds, but the firm's offerings are still pricey versus relative to their counterparts, Morningstar reports in its "Fund Spy" column. According to Morningstar, the mutual fund firm has enjoyed eight consecutive quarters of inflows, taking in an estimated $1.7 billion in the first quarter of 2011 alone. At more than $40 billion, total net mutual fund assets are at an all-time high according to Morningstar's data, having nearly doubled since the first quarter of 2009. Including separately managed and subadvised accounts, Harris' firmwide assets stood at $62.5 billion at the close of 2010. But despite the tremendous asset growth of Oakmark's offerings including the Oakmark Fund and Oakmark Select, the research firm said both funds' fee-level scores are above average, indicating that they're pricey relative to category rivals sold though comparable distribution channels Printed from: MFWire.com/story.asp?s=36529 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |