| Funds Going from Heroes to Ho-Hum |
| News - Financial News |
|
--(www.FinancialNewsUSA.com)-- 11/04/2009 - Investing Strategies industry news provided by Financial News USA. If you're a regular reader of Morningstar.com, you may be tired of our constant reminders to view short-term returns with a skeptical eye. Unless they're used to judge specifically whether a fund performed as one would expect under extreme conditions--such as a conservative fund holding up better than bolder rivals when high-priced growth stocks plunge--returns of six months or a year typically reveal little about a fund's worth or a manager's talent. That's why we advise readers to consult longer-term records in order to obtain a deeper understanding of a fund. Bad news. Because of the crazy up-and-down ride the stock market seems to enjoy providing us, now even 10-year returns must be examined with care. That will become more and more evident over the coming months. Keep this in mind when New Year's Day arrives and the decade's performance numbers are widely published and discussed. [Read the full article] It's surprising there aren't many calls in the press to ditch the automobile. After all, think of all the dumb things people do with them. They drive much too quickly and sometimes after drinking lots of alcohol. They even drive while sending text messages, putting on makeup, and reading the newspaper. The consequences can be dire: More than 40,000 Americans die in auto-related deaths each year, with nearly 3 million suffering injuries of some kind. Of course, it would be impractical and silly to outlaw the automobile. They are too intertwined in our lives and are beneficial in many ways. And it would be unfair to blame the automobile for its misuse. Yet that's exactly what's happened in the case of another vehicle, in this case, the main retirement savings vehicle for most Americans: the 401(k). A recent Time cover story called for the retirement of the 401(k) itself, using the often-catastrophic losses investors suffered in the 2008 crash as the argument against them. [Read the full article] BOSTON (TheStreet) -- Jerry Zhang, manager of the Evergreen Emerging Markets Growth Fund, says telecommunications providers have room to grow in the developing world. He's bullish on China Mobile. The $670 million fund has earned Morningstar's top rating, five stars. Brazil, Taiwan and South Korea make up more than a third of the fund, whose largest holding is Samsung Electronics. It's up 58% this year, beating the Morgan Stanley Capital International EAFE Index by 31 points. The fund has returned 19% annually, on average, in the past five years, beating 98% of its peers. Welcome to the TheStreet.com's "Fund Manager Five Spot," where America's top mutual fund managers give their best stock picks during a rapid-fire Q&A. Zhang: Our goal is to participate in the long-term growth in emerging markets through rigorous pursuit of strong companies at compelling prices. [Read the full article] About Financial News USA Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com. 
|