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Tuesday, March 20, 2018|
T. Rowe, Fido, and PrimeCap Lead This Pack
Fundsters at T. Rowe Price, Fidelity, and PrimeCap may be breaking out some champagne.
Those three fund firms led the 2017 pack when it comes to the number of top outperforming funds they offered, as recognized in Investor's Business Daily's 2018 "Best Mutual Fund Awards," which were released yesterday.
The IBD awards screening process excludes any funds with less than $100 million in AUM or with less than a ten-year track record. The publication's team then whittles down the resulting list (2,806 funds this time) to only those funds that beat their benchmarks with one-year, three-year, five-year, and ten-year performance numbers.
627 funds were recognized, though no value funds made the cut. The IBD team also gave special recognition to the top five funds in each of 12 categories.
T. Rowe Price funds landed in the top five six times, Fidelity funds five times, and PrimeCap funds four.
Fund firms with three top-five finishes each included: Brown Capital Management, Macquarie's Delaware, Eaton Vance, Pimco, and Virtus.
Hennessy and TIAA's Nuveen landed two top-five finishes each.
Fund families with single top-five finishes included: AMG, Kornitzer's Buffalo, Carillon Tower, First Eagle, Franklin Templeton, Glenmede, GMO, Goldman Sachs, Guinness Atkinson, Janus Henderson, Matthews Asia, Morgan Stanley, Nationwide, Neuberger Berman, OppenheimerFunds, Principal, Shelton, TCW, VALIC, and USAA.
Printed from: MFWire.com/story.asp?s=57783
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