FYI: The inauspicious start to the year coincides with the time when mutual fund managers are writing their annual notes to shareholders. Now a manager must explain average or mediocre results from 2015, as well as allay the rising fears shareholders have after 2016’s rocky start.
Yet too often there’s a difference between what fund managers say and what they mean. Knowing the catch phrases and double-talk can help you determine if your manager has courage in their methods and convictions, or are spewing sewage.
Regards,
Ted
http://www.marketwatch.com/story/what-fund-managers-say-about-your-money-isnt-always-what-they-mean-2016-01-27/print
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