John Waggoner writes the latest page in the evergreen debate about whether funds can be too large to be good. His twist is to focus particularly on 401(k)s.

The column concludes by suggesting that investors looking at large funds should just go with an index fund, because "you'll never be dead last."

USA Today favorably mentions American Funds' Growth Fund of America's [see profile] performance, while pointing out that such a giant fund has trouble investing in small companies.

He also cites Fidelity Contrafund's [see profile] fees, as well as Pioneer Value's [see profile] and Fidelity Magellan's lagging performance and Fidelity Puritan's strong performance over the last two decades. 

Edited by: Neil Anderson, Managing Editor


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