These are funds you can buy and not worry much about. They're well run, and you can depend on that year in and year out.
More Quotes from Russel Kinnel:
It's a good strategy, a good manager, just not a very appealing wrapper.Russel Kinnel
If you thought you were the only one having a hard time finding a good small-cap fund, foreign or domestic, that was still open and not too bloated from assets, think again.
Russel Kinnel
Despite those amazing returns, by and large all those funds really did was lose money for a lot of people. One of the main points of owning a mutual fund is to be able to access high-quality professional management. But you are throwing that away when you buy funds like these with some manager who just happened to get lucky.
Russel Kinnel
High costs, the lack of an age-based option and poor investment choices make these options unappealing on almost every level.
Russel Kinnel
I don't see it having a big impact. The whole point of mutual funds is to avoid the Wall Street bias and most shops have their own in-house research. Big firms, like a Fidelity, have 200 professionals across the world so they never cared about the Street research to begin with.
Russel Kinnel
Putnam is in the early stages of a restructuring effort aimed at providing better, more reliable performance. It may be years before Putnam funds have a lot of appeal. Stock-picking skill and experience aren't changed overnight. Even if Haldeman and (head of research Josh) Brooks succeed, it will be years before their changes can markedly improve investment results.
Russel Kinnel
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