FYI: Tuesday’s column off-handedly stated that, as a group, concentrated stock funds—those funds with relatively few holdings—don’t outperform funds that have large portfolios. That comment could stand some testing. It certainly held true in the past, when I researched the subject, but perhaps things have changed. Also, if concentrated funds do prove to be no better than other types of funds, are they similar in quality? Or outright worse?
Regards,
Ted
http://www.morningstar.com/articles/853451/the-more-stocks-the-merrier.html
