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Rating:M* Ponders the Fund Launches of 2012 Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, January 22, 2013

M* Ponders the Fund Launches of 2012

News summary by MFWire's editors

Ask anyone in the industry, and they'll tell you: 2012 was a very tough year for stock funds, especially in terms of outflows.

However, as Morningstar's Fund Spy column reported this morning, equity funds did have good numbers in one category - new players on the scene.

According to writer and director of mutual fund research Russ Kinnel, 96 US and 89 foreign stock funds were launched last year. That compares with 84 taxable-bond funds and nine municipal-bond funds.

Fidelity [profile seems to win the launch crown with 14 new funds launched, even if some were clones. (Kinnel notes that American Funds [profile] had 15 new funds, but most were 529 funds.)

For more interesting facts about last years new kids on the block, check out the original article

Edited by: Ben Geier

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