MutualFundWire.com: Reopen These Funds!

MutualFundWire.com

The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication

Monday, March 14, 2016

Reopen These Funds!

Fundsters looking for product development inspiration may want to pay attention to a new list from Morningstar. And fundsters whose families have any funds closed to new investment may want to pay extra heed.

William J. Stromberg
T. Rowe Price
Chief Executive Officer

Susan Dziubinski reports on a recent Morningstar discussion board thread asking investors (perhaps Morningstar's advisor readers got in on the action, too) which closed mutual funds they wish they had access to. Though more than two dozen funds made the list (see the full thread), M* highlights eight funds that were mentioned multiple times: three from T. Rowe Price [profile], three from Primecap [profile] (two of which are Vanguard [profile] funds), and one each from Brown Capital Management [profile] and Ruanne Cunniff & Goldfarb [profile].

The most-wished-for fund to reopen was the T. Rowe Price Capital Appreciation Fund, which has been closed to retail investors since June 2014 though open to some retirement plans and to current shareholders. Other closed funds that are in-demand include: the Brown Capital Management Small Company Fund, the PrimeCap Odyssey Aggressive Growth Fund, the Ruane Cunniff's Sequoia Fund, the T. Rowe Price Mid-Cap Growth Fund, the T. Rowe Price New Horizons Fund, the Vanguard PrimeCap Fund, and the Vanguard PrimeCap Core Fund. Vanguard Wellington also came up a lot, though, as M* notes, "there are ways for new investors to get into this fund," notably by buying direct from Vanguard.

Printed from: MFWire.com/story.asp?s=53634

Copyright 2016, InvestmentWires, Inc.
All Rights Reserved