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John Waggoner: 10 Funds With Largest 3-Year Outflows
FYI: Ivestors have been more open to a clown inviting them into the woods than they have been to buying actively managed mutual funds. And that’s understandable, given how poorly many managers have fared against passively managed index funds. But even well-managed funds that have beaten the S&P 500’s 10.1% average annual gain in the past three years have watched investors run away. The outflows are staggering: The 10 funds with the largest outflows have lost an estimated $160 billion in the past three years. InvestmentNews, using data provided by Morningstar, looked at the funds with the biggest outflows, in order from the least amount to the largest. The carnage begins on the next slide. Regards, Ted http://www.investmentnews.com/gallery/20170626/FREE/626009999/PH
It will swing back, you wait. I find D&C surprising, since I imagine they have pretty good investors. FAIRX was a M* darling and he wasn't media shy, so I'm not surprised he got hit with outflow-itus.
First thought for me from the headline is money flows that will continue from 401k, 403b and similar accounts within employer plans as the boomers continue to retire. Not all of the funds in the list might qualify for such money reasons, but I will suspect some of these well known funds are within the plans; and rollovers from the plans into an IRA will not find the funds purchased again within the IRA. Just MHO. Take care, Catch
Comments
Agree. And there's some darned good funds on that list. Several that I'd be delighted to own.
Just MHO.
Take care,
Catch
Derf