Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
FYI: Mid cap stock funds have run a close second to small cap stock funds in the past 15 years. And they've run a close second to large cap stock funds since the beginning of last year. A $10,000 investment in the average mid cap mutual fund on Dec. 31, 1999, would have grown to $34,456 by Jan. 23 this year, according to Morningstar Inc. data. The same amount placed in the average small cap fund would have sprouted into $36,968. How about large cap funds? Just $16,964. Less than the S&P 500's $18,600. Regards, Ted http://license.icopyright.net/user/viewFreeUse.act?fuid=MTg4OTUyMTg=
Hennessy Focus = same tenure issue as Great Owls: show 15y performance but management changed 6y ago. V good performance since, with new guys, better than FLPSX because so few foreign holdings. Still, most of the 15y performance was under famous Charles Akre. New guys are mentees of his.
Comments
Regards,
Ted
http://money.usnews.com/funds/mutual-funds/mid-cap-blend/aston-fairpointe-mid-cap/chttx