8 New Funds From Top Managers: Morningstar
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Morningstar recently screened 348 new funds that launched in the first quarter of this year, looking for offerings run by managers of other top-rated strategies. "When a top-rated fund manager or management team opens the doors on a new mutual fund, it's worth it for investors to take notice," Benjamin Slupecki, a data journalist for Morningstar.com, wrote in a new blog, adding that "[t]here's no guarantee lightning will strike twice, of course." Morningstar analysts screened for open-end, actively managed funds that share a manager with a fund carrying a Morningstar Analyst Rating of Silver or Gold. They excluded funds that were additions to target-date or other strategy series, or did not have share classes available for direct investment by individuals. They uncovered eight funds that met this criteria: four U.S. equity funds, three international stock funds and one taxable-bond fund. See the gallery for their selections. — Related on ThinkAdvisor:
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