Investing April 18, 2002
Q1 Lemon List Packed
April 18, 2002 (PLANSPONSOR.com) - Making Doug Fabian's latest mutual fund "Lemon List" is a dubious honor at best, but at least fund families on the First Quarter 2002 list have plenty of company.
Reported by Fred Schneyer
That’s because Fabian, editor of the Maverick Advisor, features a record 540 funds on the latest list – a quarter of all equity funds. The reasons, according to Fabian: More funds now have a five-year track record, and the generally weak recent performance of large-cap core and international offerings.
On the other hand, Fabian said that many small-cap funds have been outperforming their large-cap brethren.
The top ten funds on the latest list included:
- AIM Value
- MFS Massachusetts Investors A
- Vanguard US Growth
- Putnam Investors
- Fidelity Aggressive Growth
- T Rowe Price International Stock
- Putnam Vista
- Vanguard International Growth
- AIM Charter
- AXP Growth
To make the list, a fund must underperform its peer group for the last year as well as for the last three and five-year periods.
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