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Rating:How Have Three Once-Mighty Stock Funds Fared? Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, April 28, 2009

How Have Three Once-Mighty Stock Funds Fared?

by: Neil Anderson, Managing Editor

Past top performance hasn't prevented investors from withdrawing money from some stock funds. That's one of the findings of some data from Morningstar, as reported by Bloomberg's Charles Stein. According to Morningstar, the top one percent of performers in each U.S. stock fund category (as of 2007) still suffered combined outflows of $1.11 billion in the first quarter of 2009. Kenneth Heebner's CGM Focu, Fidelity Leveraged Company Stock and Janus Contrarian topped Morningstar's list.
Stein also drew on data from Dalbar and cited Morningstar senior analyst Andrew Gogerty, T. Rowe Price CFP Stuart Ritter, Morningstar analyst Miriam Sjoblom, Lipper senior research analyst Jeff Tjornehoj and Adviser Investments' Daniel Wiener as experts. 

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