MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, February 14, 2011 Jaffe Says New Fool Fund Takes on Old Script The Motley Fool [see profile] reportedly has a new "> fund in the offing but it's not the revolutionary offering that the firm is touting it as, according to MarketWatch columnist Chuck Jaffee. Based on the success of its maiden offerings, Motley Fool Independence fund, which was in the top 20 percent of its peer group in 2010, the firm is coming back to market with a second fund, The Motley Fool Great America. The fund is taking aim at small and mid-cap American companies with “laser-like” fervor. However, Jaffe writes that: "The Fool is hardly the first company to come up with the idea of a fund focused on undervalued domestic small and midsize companies that are great businesses to own, despite its own suggestions that the idea is revolutionary; the dead pool has plenty of funds that failed at this task". Printed from: MFWire.com/story.asp?s=36037 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |