Investing October 22, 2002

Q3 Lemon List Features 378 Mutual Funds

October 22, 2002 (PLANSPONSOR.com) - The big third quarter mutual fund losers amid the market's carnage were international, large cap core, and multi-cap value funds, according to the Doug Fabian Lemon List.
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Fabian’s latest list of fund laggards includes 378 funds with $141 billion in assets and only 3% showing positive five-year returns.

To make it on Fabian’s list, a fund must underperform its peer group by more than 25% for 12 months as well as underperforming for three and five years.

Among Fabian’s top 10 lemons by asset size, three funds are from The Vanguard Group and two are from Fidelity Investments. Biggest losers by five-year performance on the top 10 list include Fidelity Aggressive Growth (12.42%),   Vanguard US Growth (9.94%), and T Rowe Price International (6.74).

The top 10 list ranked by asset size includes:

  • AIM: Premier Equity
  • Fidelity Advisor Equity Growth
  • Alliance Premier Growth
  • Vanguard US Growth; Inv   
  • T Rowe Price International
  • Fidelity Aggressive Growth
  • SEI Institutional: Large Cap Value
  • Vanguard Life Strategy Growth
  • MFS Capital  Opportunity
  • Vanguard Small-Cap Index.

For more about the Lemon List, go to  a Fabian Web site .

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