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Rating:Fake Nascar and a Departing Star Helped Funds Bite the Dust Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, December 27, 2010

Fake Nascar and a Departing Star Helped Funds Bite the Dust

News summary by MFWire's editors

Fundsters interested in what drives the deaths of mutual funds may want to take a look at Chuck Jaffe's column yesterday. The MarketWatch columnist highlights a handful of the 1,400 mutual funds that liquidated in 2010 and ponders why they died. Those funds included:
  • Frontier Micro-Cap (which would have turned your $1,000 starting investment into $11 by the time it bit the dust);
  • OOK ETF;
  • Presidio (which was saying goodbye to its star manager, Kevin O'Boyle;
  • and StockCar Stocks Index Fund (effectively a large-cap index fund with 360 basis points of expenses). 

    Edited by: Neil Anderson, Managing Editor

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