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M*: No, Flexible-Stock Funds Are Not Better: FPACX

TedTed
in The Bullpen
FYI: This past weekend, The Wall Street Journal wrote that "mutual funds rally by not sticking to a style." The word "rally" caught my attention, quite sharply, as the stock market has mostly behaved otherwise, but it turns out that the Journal did not intend its headline literally. The article’s actual argument was that some flexible-stock funds are very good. All right, that FPA Crescent (FPACX) is very good.
Regards,
Ted
http://news.morningstar.com/articlenet/article.aspx?id=745244
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