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, June 10, 2013 People and Process Won't Save Your M* Rating From This Morningstar rates open-end funds that score Positive on People and Process as Medalists 96 percent of the time so it is worth pointing out that Baron Asset [profile] is one of the select few open-end funds to receive a Neutral rating. PMs may want to keep an eye out if their fund, like Baron Asset, has funds returns near the mid-cap growth norm. Baron Asset's portfolio is also more expensive and its risk ratings are average, which may further explain the Neutral rating: Price is also a key issue: In this case, a higher-than-average expense ratio of 1.33 percent is a headwind. (The median for no-load mid-cap funds is 1.11 percent.) Other Baron funds have overcome a similar expense obstacle, but this one has not. It would be better positioned to outperform if its costs were lower.Wasatch Global Opportunities [profile] and Marscio Capital Management [profile] are also named as victims of high expenses. Printed from: MFWire.com/story.asp?s=44180 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |