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 |
|
Tuesday, December 27, 2011 Morningstar Gives Kudos to a Dreyfus Fund Despite the redemptions experienced by money market funds in the past few months, Morningstar analyst Bridget Hughes reports that Dreyfus Appreciation [see profile] took in more than $1.5 billion net of new money, making it the Dreyfus' largest mutual fund by a margin of more than 25 percent. What investors find attractive in this portfolio is its low, low turnover ratio, according to Hughes, who also enumerates a number of reasons why the fund has been performing well given its partnership with subadvisor Fayez Sarofim. The Dreyfus fund represents the only way to gain access to that advisor; it has negotiated a 0.55 percent management fee, which is lesser than what investors would pay if they directly pay to Sarofim. Printed from: MFWire.com/story.asp?s=38682 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |