… inflows into alpha -producers [stock-pickers], top funds are closing to new investors [ ODMAX ] or limiting new money [ HEMZX , GEGAX ]; previously closed were LZEMX , IEMAX . Good current options include NEWFX, THDAX . For longer term, ETFs VWO …
Putting significant stakes in top holdings adds risk of stock-specific problems harming returns.Willingness to avoid sectors or countries, or overweight them heavily, can leave fund far out of step.Relatively large stake in tobacco firms makes fund inappropriate for investors who'd prefer not to