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M*: Nominees For 2015 Domestic-Stock Fund Manager Of The Year
As usual, M* manages to baffle my mind. EAASX with a 1.22% ER and a 5.75% load...are you kidding me? They are looking at 1-year returns, so you would think they would factor in the load, since that is taken right off the top. Other strong contenders are Price New America Growth PRWAX and Fido Contra FCNTX, both of which have much, much lower expenses and NO commission that destroys a one-year number. Any why include PJFAX with HACAX? Again, a 5.5% front-end load. Why would anyone choose that over HACAX? How could M* screw up like this? Oh, never mind. They will justify it...somehow.
Only one reason for the piecemeal approach. It gets their name out front everyday. In the end, it's all about marketing. And M* does not give a rat's behind what folks think about their selections. They know the funds that get nominated will market that for all they can, and that gets the M* name out front once again.
Comments
Regards,
Ted
http://www.mutualfundobserver.com/discuss/discussion/25345/top-14-fund-managers-of-2015-morningstar#latest