You don't want a fund that had its best years with 5 million in assets.
More Quotes from Christine Benz:
In general, in any sort of tax-deferred account, you have a little more leeway to look at fund types that might be undesirable for your taxable account. If you're going to own a high-turnover, aggressive growth fund, for example, putting it in a tax-sheltered wrapper is a good idea. By the same token, a high-yield bond fund might be a good thing to put in a tax-deferred account.Christine Benz
We continue to believe that mutual funds run by such shareholder-friendly firms represent worthwhile investment opportunities for most investors.
Christine Benz
Fund companies are increasingly looking at this as a retention tool. Perhaps its one way to keep your fund manager on board. I don't know if it's a full blown turning point, but companies realize it could be a brain drain so they're taking steps to stay competitive.
Christine Benz
The choice is an inspired one.
Christine Benz
Leverage has been a profitable trade in the past and it has allowed many closed-end funds to deliver very compelling yields, but the risk is your total return could suffer. Leverage can cut both ways it can magnify your gains but it can also accentuate your losses. ... On the flip side, if you are delving into these more unusual strategies, one could argue the closed-end format lends itself to them pretty well, because your manager is not having to redeem shares everyday.
Christine Benz
It has been hard to go wrong in stocks. The main performance determinant was whether you invested in small caps.
Christine Benz
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