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disclosure: Found this article through one of @Ted's links.How does the average 401(k) participant or Do-It-Yourself investor select mutual funds with names that are not only confusing, but often, downright misleading?
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Regards,
Ted
Was the cleverness/humor in that comment intentional? Can Chipotle analogies be used in polite company?
M* uses category descriptors like "World" (World Allocation, World Bond, World Large Cap, World Small Cap) while fund companies more often than not use "Global" in their fund name these very funds.
When M* categorizes funds as "Global" Real Estate fund families often choose to use "International' Real Estate in these fund names.
Also, I give the author a nod for highlighting the naming of James Balanced Golden Rainbow Fund (extra credit points and a smiley face).
M* category names and Fund Family names:
"Bank Loans" are described as "Floating Rate"
"Consumer Defense" as "Consumer Staple"
"Market Neutral" as "Event Driven", or "Arbitrage" or "Long/Short"
"Non-Traditional Bonds" as "Tactical" or "Strategic" or "Opportunity" or "Unconstrained"